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LAW1102 - First Semester S.Y. 2025-2026 - Activity No. 1

The document outlines an activity for a law course, focusing on partnerships and related legal concepts. It includes a matching type section where students match main topics to specific choices and a true/false section assessing knowledge on partnership formation and characteristics. The activity is designed for students in the Institute of Accounts, Business, and Finance at Far Eastern University for the first semester of the academic year 2025-2026.

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11 views2 pages

LAW1102 - First Semester S.Y. 2025-2026 - Activity No. 1

The document outlines an activity for a law course, focusing on partnerships and related legal concepts. It includes a matching type section where students match main topics to specific choices and a true/false section assessing knowledge on partnership formation and characteristics. The activity is designed for students in the Institute of Accounts, Business, and Finance at Far Eastern University for the first semester of the academic year 2025-2026.

Uploaded by

alexandermortera66
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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LAW1102 – First Semester S.Y.

2025-2026
Prof. Jocelyn G. Isip
Institute of Accounts, Business, and Finance
Far Eastern University

Activity No. 1

I. Matching Type

Main topic: Match the main topic to any of the choices listed.

Main Topic Choices


A. Partnership o law

B. Delectus personae o contract

C. Contract of Partnership o registration in the SEC for


validity

o capital must be at least P3,000


in money or property

o two or more persons

o contribution of money, property


or industry

o intention to divide the profits

o fiduciary relationship

o one may be admitted as a


partner if all partners will agree

o consensual contract

o real contract

o separate juridical personality

o must be in writing

o oral or in writing

o lawful purpose
LAW1102 – First Semester S.Y. 2025-2026
Prof. Jocelyn G. Isip
Institute of Accounts, Business, and Finance
Far Eastern University

II. True/False

1. Partnership is created by law. :________

2. A person can be a partner as long as he can contribute money, property or industry.


:________.

3. A partnership acquires a separate juridical personality from the time it is registered in


the SEC. :________

4. In partnership there is co-ownership. :________

5. Co-ownership results to partnership. :________

6. A, B and C formed a partnership. A contributed a piece of land while the other


partners contributed cash. The contract of partnership must be writing to be valid.
:________

7. X, Y and Z formed a partnership called Star Partnership. They keep the partnership
secret and use their respective name when they enter into contracts. The partners shall
be personally liable. :________

8. Partnerships must have lawful purpose in order to be valid. :________

9. A, B, C and D formed a partnership. In this case, there are four (4) persons.
:________

10. X, Y and Z are friends. They are not partners as to each other. Hence, they are not
partners as to third persons. :________

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