The partnership has a If A and B form a partnership with X &
Co., the property and likewise, A & B’s juridical personality separate and property is not X & Co.’s. distinct from that each of the partners, even in case of failure to Since X & Co. is a juridical entity, it can require any property since the partners comply with the requirements of are merely agents. article 1772, first paragraph. Thus, the obligations of X & Co. are not those of A & B’s. Partnership, a juridical person The partnership of X & Co. can file against A & B and be sued by A & B, likewise, if a third party sues X & Co., A & Like the corporation, a partnership duly B are not affected. formed under the law is a juridical person to which the law grants a The partnership will still be a juridical juridical personality separate and entity even without compliance with distinct from that of each of the Article 1772. partners. If X & Co. is exempted from certain As a juridical person, a partnership may things, it does not follow that A & B are acquire and possess property of all included. kinds, as well as incur obligations and bring civil or criminal actions in conformity with the laws and regulations of its organization. ARTICLE 1769 Example for (1):
In determining whether a partnership exists, these
rules shall apply: (1) Except as provided by Article 1825, persons who are not partners as to each other are not partners as to third persons;
(2) Co-ownership or co-possession does not of itself establish
a partnership, whether such co-owners or co-possessors do or do not share any profits made by the use of the property;
(3) The sharing of gross returns does not of itself establish a
partnership, whether or not the persons sharing them have a joint or common right or interest in any property from which the returns are derived;
(4) The receipt by a person of a share of the profits of a
business is prima facie evidence that he is a partner in the business, but no such inference shall be drawn if such profits were received in payment: (a) As a debt by installments or otherwise; (b) As wages of an employee or rent to a landlord;
(c) As an annuity to a widow or representative of a
deceased partner;
(d) As interest on a loan, though the amounts of
payment vary with the profits of the business; (e) As the consideration for the sale of a goodwill of a business or other property by installments or otherwise.
Law School Survival Guide (Volume I of II) - Outlines and Case Summaries for Torts, Civil Procedure, Property, Contracts & Sales: Law School Survival Guides
A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company
To Borrow Money under their Seal, and to Incur Debts in
the Course of their Trade, by the Purchase of Goods on
Credit, and by Freighting Ships or other Mercantile
Transactions