Article 1767.

By the contract of partnership two or more persons bind themselves to _________ money, property,
or industry to a common fund, with the _________ of dividing the profits among themselves.
Two or more persons may also _________ a partnership for the _________ of a profession.
Article 1768. The partnership has a juridical personality _________ and _________ from that of _________ of the
partners, even in case of _________ to _________ with the _________ of article _________, first paragraph.

Article 1769. In _________ whether a partnership _________, these rules shall apply:

(1) Except as provided by article ___________, persons who are not partners as to each other are not partners as to
_________ persons;
(2) Co-ownership or co-possession does not of _________ _________ a partnership, whether such-co-owners or co-
possessors do or do not _________ any profits _________ by the _________ of the property;
(3) The _________ of gross _________ does not of itself establish a partnership, whether or not the persons sharing
them have a _________ or _________ _________ or _________ in any property from which the returns are
_________;
(4) The _________ by a person of a share of the profits of a business is prima facie evidence that he is a _________
in the business, but no such _________ shall be drawn if such profits were _________ in _________:
(a) As a debt by _________ or _________;
(b) As _________ of an _________ or _________ to a _________;
(c) As an _________ to a widow or _________ of a _________ partner;
(d) As _________ on a _________, though the _________ of payment _________ with the profits of the business;
(e) As the _________ for the _________ of a _________ of a business or other _________ by _________ or
otherwise.

Article 1770. A partnership _________ have a _________ object or _________, and must be established for the
_________ _________ or interest of the _________.

When an unlawful partnership is _________ by a judicial decree, the profits shall be _________ in favor of the
State, without prejudice to the provisions of the Penal Code governing the confiscation of the _________ and
effects of a _________.

Article 1771. A partnership may be constituted in any form, except where immovable property or real rights are
contributed thereto, in which case a public instrument shall be necessary.

Article 1772. Every contract of partnership having a capital of _________ thousand pesos or more, in money or
_________, shall appear in a public instrument, which must be recorded in the Office of the _________ and
Exchange Commission.

Failure to comply with the requirements of the preceding paragraph shall not affect the _________ of the
partnership and the _________ thereof to third persons.

Article 1773. A contract of partnership is void, whenever _________ property is contributed thereto, if an
_________ of said property is not _________, _________ by the parties, and _________ to the public instrument.

Article 1774. Any immovable property or an interest therein may be _________ in the partnership _________.
_________ so acquired can be _________ only in the partnership name.

Article 1775. Associations and _________, whose _________ are _________ _________ among the members, and
wherein any one of the members may contract in his _________ name with third persons, shall have no juridical
personality, and shall be governed by the provisions relating to _________.
Article 1776. As to its _________, a partnership is either universal or _________.

As regards the liability of the partners, a partnership may be general or _________.

Article 1777. A _________ partnership may refer to all the _________ property or to all the _________.

Article 1778. A partnership of _________ present property is that in which the partners contribute all the
_________ which _________ _________ to them to a common fund, with the intention of dividing the _________
among themselves, as well as all the profits which they may _________ therewith.

Article 1779. In a universal partnership of all present property, the property which _________ to each of the
partners at the _________ of the _________ of the partnership, becomes the common property of all the
partners, as well as all the profits which they may acquire therewith.

A _________ for the common _________ of any other profits may also be made; but the property which the
partners may acquire _________ by inheritance, _________, or _________ cannot be included in such
stipulation, except the _________ thereof.

Article 1780. A universal partnership of profits comprises all that the partners may acquire by their _________
or work during the _________ of the partnership.

Movable or immovable property which each of the partners may _________ at the time of the _________ of the
contract shall _________ to _________ _________ to each, only the _________ _________ to the partnership.

Article 1781. _________ of universal partnership, _________ into without _________ of its _________, only
constitute a universal partnership of _________.

Article 1782. Persons who are _________ from _________ each other any _________ or _________ cannot enter
into universal partnership.

Article 1783. A particular partnership has for its object _________ things, their _________ or _________, or a
specific _________, or the exercise of a profession or _________.

CHAPTER 2 Obligations of the Partners

SECTION 1 Obligations of the Partners Among Themselves

Article 1784. A partnership _________ from the _________ of the _________ of the contract, _________ it is
otherwise _________.

Article 1785. When a partnership for a _________ term or particular undertaking is _________ after the
_________ of such term or particular undertaking without any _________ agreement, the rights and _________
of the partners _________ the same as they were at such termination, so far as is _________ with a partnership at
_________.

A _________ of the business by the partners or such of them as _________ _________ therein during the term,
without any settlement or _________ of the partnership _________, is prima facie evidence of a _________ of the
partnership.

Article 1786. Every partner is a _________ of the partnership for whatever he may have _________ to _________
thereto.

He shall also be bound for _________ in case of _________ with regard to specific and _________ things which
he may have contributed to the partnership, in the same cases and in the same manner as the vendor is bound
with respect to the vendee. He shall also be liable for the _________ thereof from the time they should have
been _________, without the _________ of any _________.

Article 1787. When the capital or a part thereof which a partner is _________ to contribute consists of
_________, their appraisal must be made in the manner prescribed in the contract of partnership, and in the
absence of stipulation, it shall be made by _________ chosen by the partners, and according to _________ prices,
the _________ changes thereof being for _________ of the partnership.

Article 1788. A partner who has undertaken to contribute a _________ of money and fails to do so becomes a
_________ for the interest and _________ from the time he should have complied with his obligation.

The same rule applies to any amount he may have taken from the partnership _________, and his _________ shall
begin from the time he _________ the amount to his own _________.

Article 1789. An _________ partner cannot engage in business for _________, unless the partnership _________
_________ him to do so; and if he should do so, the _________ partners may either exclude him from the firm or
avail themselves of the _________ which he may have obtained in violation of this provision, with a right to
_________ in either case.

Article 1790. Unless there is a stipulation to the contrary, the partners shall contribute _________ _________ to
the _________ of the partnership.

Article 1791. If there is no _________ to the contrary, in case of an _________ _________ of the business of the
partnership, any partner who refuses to contribute an _________ share to the capital, except an _________
partner, to save the _________, shall he _________ to _________ his _________ to the other partners.

Article 1792. If a partner _________ to _________ collects a _________ sum which was owed to him in his own
name, from a person who owed the partnership another sum also demandable, the sum thus _________shall be
applied to the _________ _________ in _________ to their amounts, even though he may have given a _________
for his own credit only; but should he have given it for the account of the partnership credit, the amount shall be
_________ applied to the latter.

The provisions of this article are understood to be without prejudice to the right granted to the other _________
by article 1252, but only if the _________ credit of the partner should be more _________ to him.

Article 1793. A partner who has _________, in whole or in part, his share of a partnership credit, when the other
partners have not _________ theirs, shall be _________, if the _________ should thereafter become _________,
to bring to the partnership _________ what he received even though he may have given receipt for his
_________ only.

Article 1794. Every partner is _________ to the partnership for _________ suffered by it through his _________,
and he cannot _________ them with the profits and _________ which he may have earned for the partnership by
his _________. However, the courts may _________ lessen this _________ if through the partner's _________
efforts in other activities of the partnership, _________ profits have been realized.

Article 1795. The _________ of specific and _________ things, which are not _________, contributed to the
partnership so that only their _________ and fruits may be for the common benefit, shall be _________ by the
partner who _________ them.

If the things contribute are fungible, or cannot be kept without _________, or if they were contributed to be
_________, the risk shall be borne by the partnership. In the absence of stipulation, the risk of the things brought
and _________ in the _________, shall also be borne by the partnership, and in such case the claim shall be
_________ to the _________ at which they were appraised.
Article 1796. The partnership shall be responsible to every partner for the amounts he may have _________ on
behalf of the partnership and for the _________ _________, from the time the _________ are made; it shall
also answer to each partner for the _________ he may have _________ in good faith in the interest of the
partnership business, and for _________ in consequence of its _________.

Article 1797. The _________ and profits shall be distributed in _________ with the _________. If only the share
of each partner in the profits has been _________ upon, the share of each in the losses shall be in the same
_________.

In the absence of stipulation, the share of each partner in the profits and losses shall be in proportion to what he
may have _________ but the _________ partner shall not be liable for the _________. As for the profits, the
industrial partner shall receive such share as may be _________ and _________ under the circumstances. If
besides his _________ he has contributed capital, he shall also receive a share in the profits in proportion to his
capital.

Article 1798. If the partners have agreed to _________ to a third person the designation of the share of each one
in the profits and losses, such designation may be _________ only when it is _________ _________. In no case
may a partner who has begun to execute the decision of the third person, or who has not impugned the same
within a period of _________ months from the time he had _________ thereof, _________ of such _________.

The designation of losses and profits cannot be intrusted to _________ of the partners.

Article 1799. A stipulation which _________ one or more partners from _________ share in the profits or losses is
_________.

Article 1800. The partner who has been _________ _________ in the _________ of partnership may _________
all acts of _________ despite the _________ of his partners, unless he should act in bad faith; and his power is
_________ without _________ or lawful _________. The _________ of the partners representing the _________
interest shall be _________ for such _________ of power.

A power granted _________ the partnership has been _________ may be revoked at any time.

Article 1801. If two or more partners have been _________ with the _________ of the partnership without
_________ of their respective _________, or without a stipulation that one of them shall not act without the
_________ of all the others, each one may _________ execute all acts of administration, but if any of them
should _________ the acts of the others, the decision of the _________ shall prevail. In case of a _________, the
matter shall be decided by the partners _________ the _________ interest.

Article 1802. In case it should have been stipulated that _________ of the managing partners shall act without the
consent of the others, the _________ of all shall be _________ for the _________ of the acts, and the _________
or disability of any one of them cannot be _________, unless there is _________ danger of grave or _________
injury to the partnership.

Article 1803. When the _________ of management has not been agreed upon, the following rules shall be
_________:

(1) _________ the partners shall be considered _________ and whatever any one of them may do _________ shall
_________ the partnership, without prejudice to the provisions of article ___________.
(2) _________ of the partners may, without the consent of the others, make any _________ _________ in the
_________ property of the partnership, even if it may be _________ to the partnership. But if the _________ of
consent by the other partners is _________ _________ to the interest of the partnership, the court's _________
may be _________.
Article 1804. Every partner may _________ another person with him in his _________, but the associate shall
not be _________ into the partnership without the consent of all the other partners, even if the partner having
an associate should be a _________.

Article 1805. The partnership _________ shall be _________, subject to any agreement between the partners, at
the _________ place of business of the partnership, and every partner shall at any _________ hour have _________
to and may _________ and _________ any of them.

Article 1806. Partners shall render on _________ _________ and _________ information of all things affecting the
partnership to any partner or the legal representative of any _________ partner or of any partner under legal
_________.

Article 1807. Every partner must _________ to the partnership for any _________, and hold as _________ for it
any profits derived by him without the consent of the other partners from any _________ connected with the
_________, _________, or _________ of the partnership or from any _________ by him of its _________.

Article 1808. The _________ partners cannot engage for their _________ account in any _________ which is of the
kind of business in which the partnership is _________, unless there is a stipulation to the contrary.

Any capitalist partner _________ this _________ shall bring to the common funds any profits _________ to him
from his _________, and shall _________ _________ all the _________.

Article 1809. Any partner shall have the right to a _________l account as to partnership _________:

(1) If he is _________ _________ from the partnership business or _________ of its property by his co-partners;
(2) If the _________ _________ under the _________ of any agreement;
(3) As provided by article _________;
(4) Whenever other _________ render it _________ and _________.

SECTION 2 Property Rights of a Partner

Article 1810. The _________ _________ of a partner are:

(1) His rights in _________ partnership property;

(2) His _________ in the partnership; and

(3) His right to _________ in the _________

Article 1811. A partner is _________ with his partners of _________ partnership property

The incidents of this co-ownership are such that:

(1) A partner, subject to the provisions of this Title and to any agreement between the partners, has an _________
right with his partners to _________ specific partnership property for _________ _________; but he has _________
right to possess such property for any other purpose without the consent of his partners;
(2) A partner's right in specific partnership property is not _________ except in _________ with the _________ of
rights of all the partners in the same property;
(3) A partner's right in specific partnership property is not subject to _________ or _________, except on a
_________ against the partnership. When partnership property is _________ for a partnership _________ the
partners, or any of them, or the representatives of a deceased partner, cannot _________ any right under the
_________ or _________n laws;
(4) A partner's right in specific partnership property is not subject to _________ _________ under article
_________.

Article 1812. A partner's _________ in the partnership is his share of the profits and _________.

Article 1813. A _________ by a partner of his _________ interest in the partnership does not of itself _________
the partnership, or, as against the other partners in the absence of agreement, _________ the _________, during
the _________ of the partnership, to _________ in the _________ or administration of the partnership business or
_________, or to _________ any information or _________ of partnership _________, or to _________ the
partnership _________; but it merely entitles the assignee to receive in accordance with his contract the profits to
which the assigning partner would otherwise be entitled. However, in case of _________ in the management of
the partnership, the assignee may avail himself of the _________ _________.

In case of a _________ of the partnership, the assignee is entitled to receive his assignor's _________ and may
require an _________ from the date only of the _________ account agreed to by all the partners.

Article 1814. Without prejudice to the _________ rights of partnership _________ under article _________, on due
application to a competent court by any judgment creditor of a partner, the court which entered the judgment, or
any other court, may charge the interest of the debtor partner with payment of the _________ amount of such
judgment debt with interest thereon; and may then or later appoint a _________ of his share of the profits, and of
any other money due or to fall due to him in respect of the partnership, and make all other _________, _________,
accounts and _________ which the debtor partner might have made, or which the circumstances of the case may
require.

The interest charged may be _________ at any time before _________, or in case of a _________ being
directed by the court, may be _________ without thereby causing a _________:

(1) With _________ property, by any one or more of the partners; or

(2) With _________ property, by any one or more of the partners with the consent of all the partners whose
interests are not so _________ or _________.

Nothing in this Title shall be held to _________ a partner of his right, if any, under the _________ laws, as
regards his interest in the partnership.

SECTION 3 Obligations of the Partners with Regard to Third Persons

Article 1815. Every partnership shall _________ under a firm _________, which may or may not _________ the
name of one or more of the partners.

Those who, not being members of the partnership, include their names in the firm name, shall be subject to the
_________ of a partner.

Article 1816. All partners, including _________ _________, shall be liable _________ _________ with all their
property and after all the partnership _________ have been _________, for the contracts which may be entered
into in the name and for the account of the partnership, under its _________ and by a person _________ to act for
the partnership. However, any partner may enter into a _________ obligation to perform a partnership contract.

Article 1817. Any stipulation against the _________ laid down in the preceding article shall be _________, except
as among the partners.
Article 1818. Every partner is an _________ of the partnership for the purpose of its business, and the act of every
partner, including the execution in the partnership name of any instrument, for apparently carrying on in the
_________ way the business of the partnership of which he is a member binds the partnership, unless the partner
so acting has in fact no _________ to act for the partnership in the _________ matter, and the person with whom
he is _________ has _________ of the fact that he has no such authority.

An act of a partner which is not _________ for the carrying on of business of the partnership in the usual way
does not bind the partnership unless authorized by the other partners.

Except when authorized by the other partners or unless they have _________ the business, one or more but
less than all the partners have no authority to:

(1) _________ the partnership property in _________ for creditors or on the assignee's promise to pay the
_________ of the partnership;
(2) _________ of the _________ of the business;
(3) Do any other act which would make it _________ to carry on the _________ business of a partnership;
(4) _________ a _________;
(5) _________ into a _________ concerning a partnership _________ or _________;
(6) _________ a partnership claim or liability to _________;
(7_________ a _________ of the partnership.

No act of a partner in _________ of a _________ on authority shall bind the partnership to persons having
_________ of the restriction.

Article 1819. Where _________ to real property is in the partnership name, any partner may convey title to such
property by a conveyance executed in the partnership name; but the partnership may _________ such property
unless the partner's act binds the partnership under the provisions of the first paragraph of article _________, or
unless such property has been conveyed by the grantee or a person claiming through such grantee to a holder for
_________ without knowledge that the partner, in making the conveyance, has _________ his authority.

Where title to real property is in the name of the partnership, a conveyance executed by a partner, in his own
name, _________ the _________ interest of the partnership, provided the act is one within the authority of the
partner under the provisions of the first paragraph of article ___________.

Where title to real property is in the name of one or more but not all the partners, and the ___________ does not
___________ the right of the partnership, the partners in whose name the title stands may ___________ title to
such property, but the partnership may recover such property if the partners' act does not bind the partnership
under the provisions of the first paragraph of article 1818, unless the ___________ or his ___________, is a holder
for ___________, without ___________.

Where the title to real property is in the name of one or more or all the partners, or in a third person in
___________ for the partnership, a conveyance executed by a partner in the partnership name, or in his own
name, ___________ the ___________ interest of the partnership, provided the act is one within the authority of
the partner under the provisions of the first paragraph of article 1818.

Where the title to real property is in the name of ___________ the partners a conveyance ___________ by all the
partners ___________ ___________ their rights in such property.

Article 1820. An ___________ or ___________ made by any partner concerning partnership ___________ within
the scope of his authority in accordance with this Title is ___________ against the partnership.
Article 1821. ___________ to any partner of any matter relating to partnership affairs, and the knowledge of the
partner acting in the particular matter, acquired while a partner or then ___________ to his ___________, and the
knowledge of any other partner who ___________ could and should have ___________ it to the ___________
partner, operate as ___________ to or ___________ of the partnership, except in the case of ___________ on the
partnership, committed by or with the consent of that partner.

Article 1822. Where, by any ___________ act or ___________ of any partner acting in the ___________ course
of the business of the partnership or with the authority of his co-partners, loss or ___________ is caused to any
person, not being a partner in the partnership, or any ___________ is ___________, the partnership is liable
therefor to the ___________ extent as the partner so acting or omitting to act.

Article 1823. The partnership is bound to make ___________ the ___________:

(1) Where one partner acting within the scope of his ___________ authority receives money or property of a third
person and ___________ it; and
(2) Where the partnership in the ___________ of its business receives money or property of a third person and the
money or property so received is ___________ by any partner while it is in the ___________ of the partnership.

Article 1824. All partners are liable ___________ with the partnership for ___________ ___________ to the
partnership under articles 1822 and 1823.

Article 1825. When a person, by words ___________ or ___________ or by ___________, represents himself, or
consents to another representing him to anyone, as a partner in an existing partnership or with one or more
persons not actual partners, he is liable to any such persons to whom such ___________ has been made, who has,
on the ___________ of such representation, given ___________ to the ___________ or ___________ partnership,
and if he has made such representation or consented to its being made in a ___________ manner he is liable to
such person, whether the representation has or has not been made or ___________ to such person so giving
___________ by or with the knowledge of the apparent partner making the representation or consenting to its
being made:

(1) When a partnership liability ___________, he is liable as though he were an ___________ member of the
partnership;
(2) When no partnership liability results, he is liable ___________ ___________with the other persons, if any, so
consenting to the contract or representation as to ___________ liability, otherwise ___________.

When a person has been thus ___________ to be a partner in an existing partnership, or with one or more persons
not ___________ partners, he is an ___________ of the persons consenting to such representation to bind them to
the same ___________ and in the same ___________ as though he were a partner in fact, with respect to persons
who ___________ upon the ___________. When all the members of the existing partnership consent to the
representation, a partnership ___________ or ___________ results; but in all other cases it is the ___________ act
or obligation of the person acting and the persons consenting to the representation.

Article 1826. A person ___________ as a partner into an ___________ partnership is liable for all the
___________ of the partnership arising before his ___________ as though he had been a partner when such
obligations were incurred, except that this liability shall be ___________ only out of partnership property, unless
there is a stipulation to the contrary.

Article 1827. The ___________ of the partnership shall be ___________ to those of each partner as regards the
partnership property. Without prejudice to this right, the ___________ creditors of each partner may ask the
___________ and public sale of the ___________ of the latter in the partnership ___________.