C16 a partner can engage in business for himself

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C16. A partner can engage in business for himself without the consent of his co-partners if he is: a. a capitalist partner whether or not the business he will engage in is of the same kind as or different from the partnership business.
b. an industrial partner whether or not the business he will engage in is of the same kind as or different from the partnership business. c. a capitalist partner and the business he will engage in is of a kind different from the partnership business. d. an industrial partner and the business he will engage in is of a kind different from the partnership business. 17. Which of the following statements is false when no one among the partners was appointed as manager? B
18. The following statements pertain either to a partner appointed as manager in the articles of partnership or through a document after the formation of the partnership. A I. He may be removed as manager only for a just or lawful cause by the vote of the partners owning the controlling interest. II. he may be removed as manager with or without just or lawful cause by the vote of the partner owing the controlling interest. III. He may perform all acts of administrator despite the opposition of his partners provided he is in good faith. IV. He may perform all acts of administration in good faith but opposing partners may resort to his removal if he persists. Based on the foregoing:
19. Campos, Urbano, Tamesis and Encanto are partners in CUTE Company each one contributing P300,000.00 except for Encanto who is an industrial partner. The partners agreed that Campos shall be exempted from liability to third persons. Three years of continued losses after the formation of the partnership resulted in unpaid partnership liabilities to third persons amounting to P500,000.00. Partnership assets have also been reduced to P200,000.00. From whom may third persons collect the partnership debts? D

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