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What is Partnership Law Overview and Principles about?

This document discusses the characteristics and types of partnerships under Philippine law. It defines a partnership as a contract between two or more persons to contribute money, property, or industry to a common fund with the intention of dividing profits. There must be mutual trust and confidence between partners. A partnership has a separate legal personality from its partners and can own property, incur obligations, and sue or be sued. Partnerships differ from corporations in aspects like creation, lia

Author

Eliza Beth

Language

EN