Busorg

Nielzen M. DelaRosa
Law Busorg Sec-4 (Friday/6:00-9:00)
Problem 1
• Jan 15,1987 because jess discontinues his or her involvement in the partnership
business this is when partnership account are settled and assessment at
liquidated.
• No, if nothing is specified as how does Don acquire his share from the old
partner if may be assumed that he gets it from them, their profit sharing ratio this
depends upon how does Don acquire his shre from the old partners for which
there are many responsibilities.
Problem 2
• No, Kyla cannot demand that Y deliver the portrait, the death of X has the
effect of dissolving the partnership also while the obligation was contracted by
the partnership. It was X who’s has supposed to create the portrait for Kyla since
X died before creating the portrait the obligation can no longer complied
because of impossibility of performance in obligation to do the debtor shall be
released when the prestation becomes legally or physically impossible with the
debtors fault.
Problem 3
• The correct one must be A because A is still liable as general partner for his pro
rata share (Dissolution of a partnership undertaking specified in the agreement
does not extinguish obligation which must be liquidated during winding up of
the partnership affairs)