Partnership Reviewer De Leon ★

– process of settling partnership affairs (selling assets, paying creditors, distributing remainder).

Under Art. 1797, if only profit sharing is fixed by agreement, loss sharing is the same. If no agreement at all, share equally. Since no agreement here – equal division: P100,000 each. C (industrial) gets equal share despite no capital. partnership reviewer de leon

Since you asked for a reviewer (study guide / summary), I will provide a based on the standard partnership syllabus in Philippine Law (Civil Law). – process of settling partnership affairs (selling assets,