Title: Partnership By Estoppel
|Date:||February 28, 2016|
|Length:||4 / 1063|
|No of views:||0|
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Among the conditions agreed upon in the partnership agreement that are material in this case are: (1) Tan Sin An would be the exclusive managing partner and (2) in the event of the death of any partner, the partnership would continue, the deceased to be represented by his heirs. On May 31, 1940, Goquiolay executed a general power of attorney in favor of Tan Sin An appointing the latter manager of the partnership and conferring upon him the usual powers of management...
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On May 31, 1940, Goquiolay executed a general power of attorney in favor of Tan Sin An appointing the latter manager of the partnership and conferring upon him the usual powers of management.
The partnership acquired three parcels of land known as Lots Nos. 526, 441 and 521, the only assets of the partnership, financing the balance of the purchase price with a mortgage in favor of "La Urbana Sociedad Mutua de Construccion Prestamos" in the amount of P25,000...
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