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Lozana vs. Depakakibo: Partnership Dispute by morningmindset is a document available to read on EtoBox.
Lozana and Depakakibo established a partnership to operate an electric company. Lozana contributed 60% of capital and equipment, while Depakakibo contributed 40%. Their franchise was later cancelled. Lozana then sold the generator he contributed, while Depakakibo sold the engine he contributed, without liquidating the partnership. Lozana sued, claiming the property as his. The court ruled that the partnership was valid, as providing power without approval did not invalidate it. It also ruled that the partie
- Author
- morningmindset
- Language
- EN