Aseron the managing partner of ace company was

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67. Aseron, the managing partner of ACE Company, was driving the delivery truck of the firm when herammed it into an electric post resulting in damages to the vehicle amounting to P50,000.00. To make upfor the accident, Aseron worked long hours for the firm and was able to increase its sales fromP5,000,000.00 to P15,000,000.00.a. Aseron will no longer be liable for damages to ACE because he was able to generate unusual revenuesfor the firm through his extraordinary efforts.b. Aseron will still be liable to the firm for damages but the amount will be equitably reduced since hewas able to generate unusual profits for the firm through his extraordinary efforts.c. Aseron’s obligation to the firm for damages will be extinguished by compensation since ACE is alsoliable to him for the extraordinary efforts he exerted to increase its sales.d. Aseron and ACE will share equally in the damages of P50,000.00
68. Trevor owes P3,000.00 to CHAMP Company, a partnership composed of Charles, Harry, Albert, Markand Prince, with Mark as the manager who is authorized to collect all credits of the firm. He also owesCharles the amount of P6,000.00. Both debts are already due. Trevor gives P3,000.00 to Charles inpayment of his debt to the latter. Charles thus issues his own receipt.
69. Barranda wrote Salvador a letter wherein he placed an order for a laptop computer worthP80,000.00. In writing the letter, Barranda used a stationery which had for its letterhead “Barranda andBermudez, Real Estate Agents” Bermudez is not really a partner of Barranda but they, agreed to use thesaid letterhead to give a semblance of bigness by making it appear that the two of them are partners.
Salvador delivered the laptop computer but Barrranda defaulted in his payment of its price. Againstwhom may Salvador proceed?
70. Daoang and Depante have been partners for more than 5 years in the purified water business. At thestart of the sixth year, Daoang assigned his interest in the partnership to Trindad, but Depante objectedon the ground that he did not want Trinidad to be his partner.

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Term
Winter
Professor
N/A
Tags
Managing Partner

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