Partnership

Question 1

A characteristic of partnership where it is a a contract perfected by mere consent

Answer 1

Consensual

Question 2

A characteristic of partnership where the contribution of each partner is considered as the equivalent of the contribution of the other partners

Answer 2

Commutative

Question 3

A characteristic of partnership where it is a contract that does not depend on other contracts for its existence

Answer 3

Principal

Question 4

A characteristic of partnership where it is a contract entered by two or more persons

Answer 4

Bilateral

Question 5

A characteristic of partnership where each partner must contribute money, property, or industry

Answer 5

Onerous

Question 6

A characteristic of partnership which has a name in law

Answer 6

Nominate

Question 7

A characteristic of partnership where it is a contract in preparation for another contract/s

Answer 7

Preparatory

Question 8

Doctrine: The right to choose with whom a person wishes to associate himself; choice of the person

Answer 8

Delectus personae

Question 9

Doctrine: choice of persons

Answer 9

Delectus personarum