LAW ON SALES, AGENCY and CREDIT TRANSACTIONS by zyrll castro on PreziBy the contract of partnership failure to comply with the requirements of two or more persons bind themselves to Article , first paragraph. As an independent juridical person, a partnership may enter into contracts, Definition acquire and possess property of all kinds in Partnership is a contract whereby two or its name, as well as incur obligations and more persons bind themselves to bring civil or criminal actions. Thus, a contribute money, property or industry to a partnership may be declared insolvent even common fund with the intention of dividing if the partners are not. It may enter into profits among themselves. It is sufficient that service 1.
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