ARTICLE 1767.

By the contract of partnership _______ or _______ _______ _______ _______ to _______ _______, _______, or
_______ to a _______ _______, with the _______ of _______ the _______ _______ _______.

Two or more persons may also form a partnership for the _______ of a _______. (1665a)

ARTICLE 1768. The partnership has a _______ personality _______ and _______ from that of each of the _______, even in case of
_______ to comply with the requirements of article 1772, first paragraph. (n)

ARTICLE 1769. In determining whether a partnership _______, these rules shall apply:

(1) Except as provided by article 1825, persons who are _______ _______ as to each other are not partners as to _______ _______;

(2) _______ or _______ does not of _______ establish a partnership, whether such co-owners or co-possessors do or do not share any
_______ made by the use of the _______;

(3) The _______ of _______ returns does not of itself establish a partnership, whether or not the persons sharing them have a _______
or _______ right or interest in any property from which the returns are _______;

(4) The _______ by a person of a share of the _______ of a business is _______ _______ evidence that he is a partner in the business,
but no such _______ shall be drawn if such profits were received in payment:

(a) As a _______ by _______ or otherwise;

(b) As _______ of an employee or rent to a _______;

(c) As an _______ to a widow or _______ of a deceased partner;

(d) As _______ on a loan, though the amount of payment _______ with the profits of the business;

(e) As the _______ for the sale of a _______ of a business or other property by _______ or otherwise. (n)

ARTICLE 1770. A partnership must have a _______ _______ or _______, and must be established for the _______ benefit or interest of
the partners.

When an _______ 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 instruments and effects of a crime. (1666a)

ARTICLE 1771. A partnership may be constituted in _______ _______, except where _______ property or _______ rights are _______
thereto, in which case a public instrument shall be _______. (1667a)
ARTICLE 1772. _______ contract of partnership having a _______ of three thousand pesos or more, in _______ or property, shall
_______ in a public instrument, which must be _______ in the Office of the Securities and Exchange Commission.

Failure to _______ with the requirements of the preceding paragraph shall _______ _______ the _______ of the partnership and the
_______ thereof to third persons. (n)

ARTICLE 1773. A contract of partnership is _______, whenever immovable property is _______ thereto, if an _______ of said property
is not _______, _______ by the parties, and _______ to the public instrument. (1668a)

ARTICLE 1774. _______ immovable property or an _______ therein may be _______ in the _______ _______. _______ so acquired
can be conveyed only in the partnership name. (n)

ARTICLE 1775. __________ and __________, whose __________ are kept __________ among the members, and wherein any one of
the members may contract in his __________ name with third persons, shall have __________ __________ personality, and shall be
governed by the provisions relating to __________. (1669)

ARTICLE 1776. As to its __________, a partnership is either __________ or __________.

As regards the __________ of the partners, a partnership may be __________ or __________. (1671a)

ARTICLE 1777. A __________ partnership may refer to __________ the __________ __________ or to all the __________. (1672)

ARTICLE 1778. A partnership of __________ __________ __________ is that in which the partners contribute __________ the
property which __________ __________ to them to a __________ __________, with the intention of __________ the same among
themselves, as well as __________ the __________ which they may __________ therewith. (1673)

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 __________ property of __________ the partners, as well as all the
__________ which they may __________ therewith.

A __________ for the common __________ of any other __________ may also be made; but the property which the partners may
acquire __________ by __________, __________, or __________ cannot be included in such stipulation, except the __________
thereof. (1674a)

ARTICLE 1780. A universal partnership of __________ comprises all that the partners may acquire by their __________ or __________
during the __________ of the partnership.

__________ or __________ property which each of the partners may __________ at the time of the __________ of the contract shall
continue to pertain __________ to each, only the __________ passing to the partnership. (1675)
ARTICLE 1781. __________ of universal partnership, entered into __________ __________ of its __________, only constitute a
universal partnership of __________. (1676)

ARTICLE 1782. __________ who are __________ from __________ each other any __________ or __________ cannot enter into
universal partnership. (1677)

ARTICLE 1783. A __________ partnership has for its object __________ __________, their __________ or __________, or a
__________ __________, or the exercise of a __________ or __________. (1678)

CHAPTER 2

Obligations of the Partners

SECTION 1

Obligations of the Partners Among Themselves

ARTICLE 1784. A partnership __________ from the moment of the __________ of the __________, unless it is otherwise __________.
(1679)

ARTICLE 1785. When a partnership for a __________ __________ or __________ __________ is __________ after the termination of
such term or __________ undertaking without any __________ agreement, the rights and duties of the partners remain the
__________ 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
__________ or __________ of the partnership __________, is prima facie evidence of a continuation of the partnership. (n)

ARTICLE 1786. __________ 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 __________ is bound with respect to the __________.
He shall also be __________ for the __________ thereof from the time they should have been __________, without the need of any
__________. (1681a)

ARTICLE 1787. When the __________ or a __________ thereof which a partner is bound to contribute consists of __________, their
__________ must be made in the manner __________ in the contract of partnership, and in the absence of __________, it shall be
made by __________ chosen by the partners, and according to __________ __________, the subsequent __________ thereof being
for the __________ of the partnership. (n)
ARTICLE 1788. A partner who has undertaken to contribute a __________ of __________ and __________ to do so becomes a
__________ for the __________ and __________ from the time he should have __________ with his __________.

The same rule applies to any __________ he may have taken from the partnership __________, and his liability shall __________ from
the time he __________ the amount to his __________ __________. (1682)

ARTICLE 1789. An __________ partner cannot engage in __________ for himself, unless the partnership __________ __________
him to do so; and if he should do so, the __________ partners may either __________ him from the firm or __________ themselves of
the __________ which he may have obtained in __________ of this provision, with a right to __________ in either case. (n)

ARTICLE 1790. __________ there is a __________ to the contrary, the partners shall __________ __________ __________ to the
__________ of the partnership. (n)

ARTICLE 1791. If there is __________ agreement to the contrary, in case of an __________ __________ of the business of the
partnership, __________ partner who __________ to contribute an __________ share to the capital, except an __________ partner, to
__________ the __________, shall be obliged to __________ his __________ to the __________ partners. (n)

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

The provisions of this article are understood to be __________ prejudice to the right granted to the __________ by article 1252, but only
if the __________ credit of the partner should be more __________ to him. (1684)

ARTICLE 1793. A __________ who has received, in __________ or in __________, his share of a __________ credit, when the other
partners have __________ collected theirs, shall be __________, if the debtor should thereafter become __________, to __________
to the partnership __________ what he received even though he may have given receipt for his share only. (1685a)

ARTICLE 1794. __________ partner is __________ to the partnership for __________ suffered by it through his __________, and he
cannot __________ them with the profits and __________ which he may have __________ for the partnership by his __________.
However, the courts may __________ __________ this responsibility if through the partner’s __________ __________ in other
activities of the partnership, __________ profits have been __________. (1686a)

ARTICLE 1795. The __________ of specific and determinate things, which are __________ __________, contributed to the partnership
so that only their __________ and __________ may be for the __________ benefit, shall be borne by the __________ who __________
them.
If the things contributed are __________, or cannot be kept without __________, or if they were contributed to be __________, the risk
shall be borne by the __________. In the absence of stipulation, the risk of things brought and __________ in the __________, shall
also be borne by the partnership, and in such case the claim shall be limited to the __________ at which they were __________. (1687)

ARTICLE 1796. The __________ shall be responsible to every __________ for the amounts he may have __________ on behalf of the
__________ and for the corresponding __________, from the time the __________ are made; it shall also answer to each partner for
the __________ he may have contracted in good faith in the interest of the partnership business, and for risks in __________ of its
__________. (1688a)

ARTICLE 1797. The __________ and __________ shall be __________ in conformity with the __________. If only the __________ of
each partner in the __________ has been agreed upon, the share of each in the __________ shall be in the __________ proportion.

In the absence of stipulation, the share of each partner in the profits and losses shall be in __________ to what he may have
__________, but the __________ partner shall __________ be liable for the __________. As for the __________, the __________
partner shall receive such share as may be __________ and __________ under the circumstances. If besides his __________ he has
contributed __________, he shall also receive a share in the profits in proportion to his capital. (1689a)

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

The designation of __________ and __________ cannot be intrusted to one of the __________. (1690)

ARTICLE 1799. A __________ which __________ one or more partners from any share in the __________ or __________ is
__________. (1691)

ARTICLE 1800. The partner who has been appointed __________ in the articles of partnership may __________ __________ acts of
administration despite the __________ of his partners, unless he should act in __________ __________; and his power is __________
without just or lawful cause. The __________ of the partners representing the __________ interest shall be __________ for such
revocation of power.

A power granted __________ the partnership has been __________ may be revoked at __________ time. (1692a)

ARTICLE 1801. If __________ or more partners have been intrusted with the management of the partnership without __________ of
their respective duties, or without a __________ 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 owning the __________ interest. (1693a)
ARTICLE 1802. In case it should have been stipulated that __________ of the __________ partners shall act without the __________ of
the others, the __________ of __________ shall be necessary for the validity of the acts, and the absence or __________ of any one
of them cannot be __________, unless there is __________ __________ of grave or __________ __________ to the partnership.
(1694)

ARTICLE 1803. When the manner of __________ has not been agreed upon, the following rules shall be observed:

(1) __________ the partners shall be considered __________ and whatever any one of them may do __________ shall __________ the
partnership, without prejudice to the provisions of article 1801.

(2) __________ of the partners may, __________ the consent of the others, make any important __________ in the __________
property of the partnership, even if it may be __________ to the partnership. But if the __________ of consent by the other partners is
manifestly __________ to the interest of the partnership, the __________ intervention may be sought. (1695a)

ARTICLE 1804. Every partner may __________ another person with him in his share, but the associate shall __________ be
__________ into the partnership without the __________ of __________ the other partners, even if the partner having an associate
should be a __________. (1696)

ARTICLE 1805. The partnership __________ shall be kept, subject to any __________ between the partners, at the __________
__________ of business of the partnership, and __________ partner shall at any __________ hour have access to and may
__________ and __________ any of them. (n)

ARTICLE 1806. __________ shall render on __________ true and __________ information of all things __________ the partnership
to any __________ or the legal representative of any __________ partner or of any partner under legal __________. (n)

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 property. (n)

ARTICLE 1808. The __________ partners cannot __________ for their __________ account in any __________ which is of the
__________ of business in which the partnership is engaged, unless there is a stipulation to the contrary.

Any __________ partner violating this prohibition shall __________ to the common funds any profits __________ to him from his
transactions, and shall __________ bear all the losses. (n)

ARTICLE 1809. Any partner shall have the right to a __________ __________ as to partnership __________:

(1) If he is __________ __________ from the partnership __________ or possession of its property by his co-partners;

(2) If the right __________ under the terms of any __________;

(4) Whenever other circumstances render it just and __________. (n)

SECTION 2

Property Rights of a Partner

ARTICLE 1810. The __________ rights of a partner are:

(1) His rights in __________ partnership property;

(2) His __________ in the partnership; and

(3) His right to __________ in the __________. (n)

ARTICLE 1811. A partner is __________ with his partners of __________ partnership property.

The __________ 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 __________ purposes; but he has __________ right to possess such property
for any other purpose without the __________ of his partners;

(2) A partner’s right in specific partnership property is not __________ except in connection with the assignment of rights of __________
the partners in the __________ 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 attached for a partnership __________ the partners, or any of them, or the __________ of a
deceased partner, cannot claim any right under the __________ or __________ laws;

(4) A partner’s right in specific partnership property is not subject to legal __________ under article 291. (n)

ARTICLE 1812. A partner’s __________ in the partnership is his share of the __________ and __________. (n)

ARTICLE 1813. A __________ by a partner of his __________ interest in the partnership does not of __________ dissolve the
partnership, or, as against the other partners in the absence of __________, entitle the __________, during the continuance of the
partnership, to interfere in the management or administration of the partnership business or affairs, or to require any information or
account of partnership transactions, or to inspect the partnership books; but it merely entitles the assignee to __________ in accordance
with his __________ the profits to which the assigning partner would otherwise be __________. However, in case of __________ in the
__________ of the partnership, the assignee may avail himself of the usual __________.

In case of a __________ of the partnership, the assignee is entitled to receive his __________ interest and may require an account from
the date only of the __________ account agreed to by all the partners. (n)

ARTICLE 1814. Without prejudice to the __________ rights of partnership creditors under article 1827, 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
receiver 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
orders, __________, 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 sale being __________ by the court, may be
purchased without thereby causing a dissolution:

(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 __________ 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 exemption laws, as regards his interest in the
partnership. (n)

SECTION 3

Obligations of the Partners with Regard to Third Persons

ARTICLE 1815. Every partnership shall __________ under a __________ name, which may or may not include the name of one or
more of the partners.

Those who, not being __________ of the partnership, __________ their names in the firm name, shall be subject to the __________ of a
partner. (n)

ARTICLE 1816. __________ partners, including industrial ones, shall be liable __________ __________ with all their property and
after all the partnership assets 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 authorized to act for the partnership. However, any partner may enter into a
__________ obligation to perform a __________ contract. (n)
ARTICLE 1817. Any __________ against the liability laid down in the preceding article shall be __________, except as among the
__________. (n)

ARTICLE 1818. Every partner is an __________ of the partnership for the purpose of its __________, and the act of every partner,
including the __________ in the partnership name of any __________, for apparently carrying on in the __________ way the business of
the partnership of which he is a member __________ the partnership, unless the partner so acting has in fact no authority to act for the
partnership in the particular matter, and the person with whom he is dealing has __________ of the fact that he has no such authority.

An act of a partner which is not apparently for the carrying on of business of the partnership in the usual way does not bind the partnership
unless __________ 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 trust for creditors or on the assignee’s promise to pay the debts of the partnership;

(2) __________ of the good-will of the business;

(3) Do any other act which would make it __________ to carry on the ordinary business of a partnership;

(4) __________ a judgment;

(5) Enter into a __________ concerning a partnership claim or liability;

(6) Submit a partnership claim or liability to __________;

(7) __________ a claim of the partnership.

No act of a partner in __________ of a restriction on authority shall bind the partnership to persons having __________ of the restriction.
(n)

ARTICLE 1819. Where title to __________ property is in the partnership name, any partner may __________ 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 1818, or unless such property has been conveyed by the grantee or a
person claiming through such grantee to a holder for value 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 __________ name, passes the
equitable 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 title to real property is in the name of one or more but not all the partners, and the record does not __________ the right of the
partnership, the partners in whose name the title stands may convey 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 purchaser or his
assignee, is a holder for value, without knowledge.

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, passes the equitable 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 names of all the partners a conveyance executed by all the partners passes all their rights in such
property. (n)

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. (n)

ARTICLE 1821. __________ to any partner of any matter relating to partnership affairs, and the __________ of the partner acting in the
particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably could and
should have __________ it to the acting partner, operate as notice to or knowledge of the partnership, except in the case of a
__________ on the partnership, committed by or with the consent of that partner. (n)

ARTICLE 1822. Where, by any __________ act or omission of any partner acting in the __________ course of the business of the
partnership or with the __________ of his co-partners, loss or injury is caused to any person, not being a partner in the partnership, or
any __________ is incurred, the partnership is liable therefor to the __________ extent as the partner so acting or omitting to act. (n)

ARTICLE 1823. The partnership is bound to make good the loss:

(1) Where __________ 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 course 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. (n)

ARTICLE 1824. __________ partners are liable __________ with the partnership for __________ chargeable to the partnership under
articles 1822 and 1823. (n)

ARTICLE 1825. When a person, by __________ spoken or written or by conduct, __________ 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 representation has been made, who has, on the __________ of such representation, given credit to the actual
or apparent partnership, and if he has made such representation or consented to its being made in a public manner he is liable to such
person, whether the representation has or has not been made or communicated to such person so giving credit by or with the knowledge
of the apparent partner making the representation or consenting to its being made:

(1) When a partnership liability results, he is liable as though he were an __________ member of the partnership;

(2) When no partnership liability results, he is liable pro rata with the other persons, if any, so consenting to the contract or
representation as to incur liability, otherwise separately.

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

ARTICLE 1826. A person __________ as a partner into an existing partnership is liable for __________ the obligations of the partnership
arising __________ his admission as though he had been a partner when such obligations were __________, except that this liability shall
be satisfied only out of partnership property, unless there is a stipulation to the contrary. (n)

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 share of the
latter in the partnership assets. (n)

CHAPTER 3

Dissolution and Winding Up

ARTICLE 1828. The __________ of a partnership is the __________ in the __________ of the partners caused by any partner
__________ to be associated in the carrying on as distinguished from the __________ up of the business. (n)

ARTICLE 1829. On dissolution the partnership is __________ __________, but continues until the winding up of partnership affairs is
completed. (n)

ARTICLE 1830. Dissolution is caused:

(1) __________ violation of the agreement between the partners:

(a) By the __________ of the definite term or particular undertaking specified in the agreement;

(b) By the express will of any partner, who must act in good faith, when no definite term or particular undertaking is specified;
(c) By the express will of all the partners who have not __________ their interests or __________ them to be charged for their separate debts, either before
or after the termination of any specified term or particular undertaking;

(d) By the __________ of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners;

(2) In __________ of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this article, by the
express will of any partner at any time;

(3) By any event which makes it __________ for the business of the partnership to be carried on or for the members to carry it on in partnership;

(4) When a __________ thing, which a partner had promised to contribute to the partnership, __________ before the delivery; in any case by the loss of
the thing, when the partner who contributed it having reserved the ownership thereof, has only transferred to the partnership the use or enjoyment of the
same; but the partnership shall not be dissolved by the loss of the thing when it occurs __________ the partnership has acquired the ownership thereof;

(5) By the __________ of any partner;

(6) By the __________ of any partner or of the partnership;

(7) By the __________ __________ of any partner;

(8) By __________ of __________ under the following article. (1700a and 1701a)

ARTICLE 1831. On __________ by or for a partner the court shall decree a dissolution whenever:

(1) A partner has been declared __________ in any judicial proceeding or is shown to be of unsound mind;

(2) A partner becomes in any other way __________ of performing his part of the partnership contract;

(3) A partner has been __________ of such conduct as tends to affect prejudicially the carrying on of the business;

(4) A partner __________ or persistently commits a __________ of the partnership agreement, or otherwise so conducts himself in matters relating to the
partnership business that it is not reasonably practicable to carry on the business in partnership with him;

(5) The business of the partnership can only be carried on at a __________;

(6) Other circumstances render a dissolution __________.

On the application of the __________ of a partner’s interest under article 1813 or 1814:

(1) After the __________ of the specified term or particular undertaking;

(2) At any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued. (n)