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Petitioner and PPGI entered into a joint venture agreement to develop a condominium project. PPGI executed a contract to sell a unit to respondents but failed to deliver the unit. Respondents sued both PPGI and petitioner. The court ruled petitioner was liable as a joint venture is a form of partnership under Philippine law, making all partners solidarily liable for contracts and losses incurred by other partners in the ordinary course of business. The joint venture agreement also stated petitioner would be

Author

PAC

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EN