D. rights of partners arts.

1836, 1837
- primelink properties and devt. Corp. vs. ma. Clarita lazatin-magat, et al., ; supra
(see earlier discussion on joint venture)
1. right to wind up Ortega vs ca, 245 scra 529 (1995)
2. righ to accounting art. 1842; 1806, 1807, 1809;
emnace vs ca, 370 scra 435 (2001)
fue leung vs iac, 169 scra 746 (1989);
de la rosa vs Ortega go-cotay, 48 phil 605 (1926)
3. right to damages for wrongful dissolution art. 1837, 2 nd par., (1) (b)
4. right to continue business on wrongful dissolution art. 1837, 2 nd par.
5. when partnership dissolved for fraud or misrepresentation art. 1838, (1), (2),
(3);
Liwanag vs ca, 281 scra 230 (1997)
6. rights of retiring partner or deceased partners estate art. 1841, 1840, par. 3
7. right of expelled partner art. 1837, 1st par.
8. liability of person or partnership continuing business to dissolved partnerships
creditors art. 1840, (1), (2), (3), (4), (5), (6)
E. Liquidation and distribution of assets
1. general rules art. 1839
2. order of application of partnerships assets art. 1839 (1(a), (b); (3)
3. order of priority of liabilities art. 1839 (3)
4. contribution of partners art. 1839 (3), (4), (5); (6); & art. 1797
5. priority between partnership creditors and separate creditors art. 1839 (8), (9);
sec. 51, insolvency law
X. LIMITED PARNTERSHIP
a. history de leon, partnership, agency and trusts, 5 th ed., 1999, p. 293-295
b. statutory requirements arts. 1843, 1844;
i. jo chung cang vs.pacific com. Co., 45 phil. 142 (1923);

ii. coll. Of int. revenue vs isasi, 101 Phil 247 (1957);

iii. hungman yoc vs. kieng-chiong-seng, 6 phil. 498
c. characteristics of limited partnership art. 1844, 1848, 1850, 1845, 1856, 1844
(h), 1857
d. differences from general partnership
1. liability art. 1816 vs. 1845, 1848, and 1856
2. management art. 1803, 1810 (3) vs. 1851 & 1848
3. contribution art. 1767 vs 1845
4. party to proceedings art. 1853, 1856
5. assignment of partners interest art. 1812, 1813, 1804 vs 1859
6. name art 1815 vs 1846
7. other business art. 1808, 1789 vs 1866
8. dissolution arts. 1860,, 1830, 1831 vs 1861