Partners contributing pioooooooand p4000000

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partners, contributing PIOO,OOO.OO,and P40,000.00, respectively. Kanapi is an industrial partner; The partners have a stipulation thaf Marquez shall. not be liable for partnership liabilities. After three years of continued losses, the partnership incurred liabilities of P200,000.00 at which time its assets had dwindled to
P140,000.00. After partnership •assets have been exhausted, partnership creditors may go after the Separate assets of:
Sibal, Untalan, Parefio, Eusebio, and Rances are partners in SUPER Enterprises whose business is car painting and repairs. All partners are capitalist partners with Sibai as manager. After five years of operations, Rances resigned from the partnership. Although Sibal was aware of the resignation of Rances, he still bought 50 gallons of car paint from Masterpaint owned by Marcelo who had been dealing with SUPER for the past. 5 years, and car spare parts from Supremeparts, owned by Salviejo who was transacting for the first time with SUPER. The dissolution of SUPER was Published in the Manila Bulletin but neither Marcelo nor Salviejo read it. Neither one knew at the time they transacted with Sibal that the partnership had been dissolved. 56. TRIUMPH Company, a partnership engaged in the buying and selling of car
spare parts, has for its partners and. their respective contributions the following: Tomas, p 10,000.00; Ramon, PQO,OOO.OO; Ignacio; P30,OOO.OO; Urbano; P40,000.00; Marcos, PIOO,OOO.OO; Pablo, 200,000.00; and Hilario, P300,OOO.OO. •No one was as manager of the partnership. In the course of the operation of the partnership, Tomas proposed to buy spare parts from Dominion Motors, but his proposal was opposed by Ramon. A voting among the partners took place and Ignacio, Urbano and Marcos sided with Tomas, while Pablo and Hilario sided with Ramon.

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