Partnership And Corporation Baysa Lupisan Answer Key 2018 «LEGIT ◉»

“Why me?” Aling Nena cried. “I didn’t agree to that loan!”

Under the Corporation Code of the Philippines (Batas Pambansa Blg. 68, as of 2018), what document must be filed to create a corporation? Answer: Articles of Incorporation with the Securities and Exchange Commission (SEC). partnership and corporation baysa lupisan answer key 2018

Why did they convert to a corporation? Answer: To limit liability, allow more investors, and ensure perpetual existence. “Why me

Since I don’t have access to the specific 2018 answer key you're referring to, I’ll create an original, illustrative story that explains the key differences between a and a corporation — the kind of story that could appear as a case study in a 2018 business law exam, with an "answer key" style breakdown at the end. The Rice Mill Venture: A Tale of Partnership and Corporation Barangay Lupisan, 2018 Answer: Articles of Incorporation with the Securities and

Mang Baysa and his friend Aling Nena were farmers in Lupisan. For years, they dreamed of putting up a rice mill to serve their village. They had no big capital, only their savings and hard work. In January 2018, they agreed orally: “Let’s combine our money. You buy the husker, I’ll provide the shed. We share profits 50-50.”

What is the main disadvantage of a partnership shown in the story? Answer: A partner can bind the partnership without the other’s consent (mutual agency), and each partner is personally liable for all debts (unlimited liability).