a Can X also engage in the same business b Give the reason why X may be

A can x also engage in the same business b give the

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(a) Can X also engage in the samebusiness? (b) Give the reason why X may be prohibited from engaging in business for himself Yes, X can also engage in the same business if he is with the partnership. Article 1789: X may be prohibited from engaging in the business for himself when he is an industrial partner unless the partnership expressly permits him to do so. 3. Same partnership. X is appointed managerin the articles of partnership. May Y and Zwho represent the controlling interest,revoke the power given to X if the latterinsists on executing a contract for thepartnership which Y and Z oppose? 4. Same partnership. The liabilities of the partnership as follows: X – P50,000 Y – P30,000 Z – P20,000 (a) How shall the profits of P15,000 be distributed? (b) Suppose W is an industrial partner. What shall be his share? The partners share the profits according to their agreement without violating Article 1799.
Absent to such agreement, share shall be proportioned to their capital contribution. The share of W shall be satisfied first before the capitalist partners divide the profits. 5. Same partnership. The partners stipulatethat Z shall not be liable for losses. Is thestipulation valid? 1. What are the property rights of a partner ina partnership? (1) His rights in specific partnership property (2) His interest in the partnership (3) His right to participate in the management 2. What rights are not acquired by anassignee or transferee of a partner whoconveys all his interest in a partnership? 1. Rights withheld from assignee To interfere with the management To require any information or account To inspect any of the partnership books 2. Status and rights of assignor in partnership unaffected

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