Instances when a partnership is unlawful except a a

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46. Instances when a partnership is unlawful, except A. A partnership formed to furnish apartment houses which would be used or prostitution B. A partnership formed for the purpose of acquiring parcels of land C. A partnership formed for gambling purposes. D. A partnership formed to create illegal monopolies or combinations in restraint of trade. 47. A and B orally agreed to form a partnership two years from today, each one to contribute P1,000. If at the arrival of the period, one refuses to go ahead with the agreement, can the other enforce the agreement? B. Yes, because the prior agreement was voluntarily made. C. No, because the agreement was merely oral and executor D. No, since the agreement is to be enforced after one year from the making thereof, the same should be in a public instrument to be enforceable. 48. Where at least one partner is a general partner and the rest are limited partners 49. Where all the partners are general partners A. General partnership B. Partnership by estoppels C. Partnership de facto D. Limited partnership 50. A and B are equal partners in AB Partnership by contributing P50,000 each on June 1, 2010. On July 1, 2010, the partnership contracted an obligation to pay Z the amount of P180,000 on August 31, 2010. On August 10, 2010, C was admitted as a new partner. C contributed P50,000. How will the obligation be paid? C. A P180,000 or B P180,000 and C P50,000 D. A P65,000; B P65,000; C P50,000 51. A, B and C are equal partners in ABC Partnership. On April 29, 2010, C died. Not knowing that C is dead, on May 2, 2010, A contracted a liability to D who also did not know about the death of C. The liability is P90,000. After D exhausted the net assets of the partnership in the amount of P60,000, he can collect 52. A, B and C are partners. Their contributions are as follows: A, P60,000; B, P40,000 and C, services. The partners agreed to divide profits and losses in the following proportions: A, 35%; B, 25% and C 40%. If there is a loss of P10,000, how should the said loss be shared by the partners? A. A P6,000; B P4,000; C nothing

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