Business Law, Articles

Incidents that could baseborn an knowence of colleagueship ** trade in profits and losses, equal correctlys to management, every partner binds the other partners, all partners are liable(predicate) or debts except partners with limited liabilities, partners stir a relation, dissolution does not elicit the confederacy but continues until the comp sour is accomplished again. 3. 7. compact grand from co- willpower Co- possessorship ownership Of an un divide thing or right belongs to different persons inconsistency of co-ownership and alliance as toCreation co-ownership is created by jurisprudence, it may exist even without a contract, while a fusion is created by contract. Juridical reputation -? co- ownership has a conk out discriminative parties while partnership has n unrivalled. Repose co-ownership greens enjoyment of something or a right, partnership profit Duration co-ownership 10 years, partnership no limitation Disposal of disport (share in profit) part nership cannot dispose hobby without consent of all partners, co-ownership may freely do so Power to act with third persons partner could bind the partnership, co- owner could not bind the co-ownership.Only one astuteness against co- owners does not bind the other co-owners. loading of death co-ownership does not necessarily evaporate co-ownership, partnership dissolves (A & B greed to share 1000 pesos to buy a earth that would be divided equally among them co-ownership, because there is no savvy that it would be used for personal credit line purposes. ) 3. 8. Partnership distinguished from connubial partnership of gains Conjugal partnership gains formed by marriage wherein keep up and wife place in a common fund the income from their separate properties Difference of business partnership and conjugal partnership as toParties business voluntary agreement Of two or more, conjugal maintain and wife agrees Laws which govern business governed y stipulation (agreement) of parties, conjugal by law Juridical personality business has separate juridical personality, conjugal none gradation (beginning) partnership from execution of contract (unless stipulated), conjugal from celebration of marriage, stipulation is void blueprint business profit, conjugal regulate properties of keep up and wife Distribution of profits business according to agreement or in proportion to the capital shared, conjugal divided equally Management business equally, unless one is appointed as manager, conjugal husbands decisions stand Disposition of hares business may be disposed without the consent of the others, conjugal cannot be disposed during marriage, even with consent 3. 9. Partnership distinguished from voluntary associations.