BusLaw Ch. 2 Sec. 1

can a capitalist partner engage in business for his own account without the consent of the other partners

when are partners accountable to the partnership and are considered as trustees for the partnership?

to whom shall partners be obligated to render information of all things affecting the partnership?

what are the rights of the partners with respect to the books of the partnership?

where shall be partnership books be kept?

what will the associate share with the partner?

can the associate take part in management?

can a partner associate another person with him in his share in the partnership without the consent of the other partners?

who shall manage the partnership in case no manner of management has been agreed upon?

how shall management be exercised in case it is stipulated that none of the managing partners shall act without the consent of the others?

what are the powers of 2 or more managing partners whose respective duties are not specified?

what are the rights and obligations of a managing partner whose appointment is contained in the articles of co-partnership?

the 2 distinct ways of appointing a partner as a managing partner

1. appointment as manager in the articles of partnership

2. appointment as manager made in an instrument other than the articles of partnership

if the decision of the third person is to be impugned, within what time shall it be brought?

can the designation of the share of the partners in profits and losses be entrusted to a third person?

what is the liability of a capitalist partner who engages in the same business that of the partnership without the consent of the other partners?

1. he shall bring the profits accruing to him to the common funds of the partnership

2. shall personally bear the losses

under what circumstances shall any partner demand a formal account as to partnership affairs?

1. he is wrongly excluded from the partnership business or possession of property by his co-partners

2. such right is stipulated

3. he is accountable and holds as a trustee for the profits or benefits derived by him in the name of the partnership

4. other circumstances rendering it just and reasonable

who shall bear the risk of loss of things contributed to the partnership?

who shall be answerable for the amounts disbursed and for the obligations a partner may have contracted in good faith in the interest if the partnership business and for risks in consequence of its management?

how shall be the profits and losses be distributed among the partners?