RESA Partnership and Corporation Exam Questions and Answers|100% Pass
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Course
2024/2025
Institution
2024/2025
RESA Partnership and Corporation
Exam Questions and Answers|100% Pass
A. A partnership is created by voluntary agreement of the partners, whereas a corporation is always
created by some express legislative authority either in the form of a special law or of a general law. -
Answer-What is an es...
A. Secret - Answer✔✔-It refers to partners whose connection with the partnership is not known.
A. Secret
B. Ostensible
C. Managing
D. Silent
A. Partners by estoppel - Answer✔✔-It refers to partners who represent themselves, or consent to
another or others representing them to anyone as partners either in an existing partnership or in one
that is fictitious or apparent.
A. Partners by estoppel
B. Secret
C. Ostensible
D. Managing
C. Both statements are true. - Answer✔✔-First Statement: If the partnership is general, it may be
constituted in any form, except where immovable property or real rights are contributed to the common
fund, in which case a public instrument, to which is attached an inventory of said property, signed by any
of the partners, shall be necessary for validity.
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