Download Law On Partnership And Corporation Pdf Hector De Leon Pdf for Free
Law On Partnership And Corporation Pdf Hector De Leon Pdf
If you are a student or a professional who wants to learn more about the law on partnership and corporation in the Philippines, you may want to read the book Law On Partnership And Corporation Pdf Hector De Leon Pdf. This book is written by Hector S. de Leon, a renowned author and professor of law who has published several books on various topics of law. In this book, he explains the principles and concepts of partnership and corporation law in a clear and comprehensive manner.
Law On Partnership And Corporation Pdf Hector De Leon Pdf
Law On Partnership And Corporation Pdf Hector De Leon Pdf is divided into two parts: the first part covers the law on partnership, and the second part covers the law on corporation. Each part consists of several chapters that discuss the different aspects of partnership and corporation law, such as the nature, formation, rights and obligations, dissolution, and liquidation of partnership and corporation. The book also includes illustrations, problems, and solutions to help the readers understand and apply the law better.
What is Partnership?
Partnership is a contract whereby two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing the profits among themselves. Partnership is a voluntary agreement that creates reciprocal rights and obligations among the partners. Partnership is also a preparatory contract that is entered into as a means to an end.
Partnership has several characteristics that distinguish it from other contracts and business organizations. Some of these characteristics are:
Partnership is consensual - it is perfected by mere consent of the parties.
Partnership is bilateral - it is formed by two or more persons creating reciprocal rights and obligations.
Partnership is nominate - it has a special name or designation.
Partnership is onerous - contributions in the form of either money, property, or industry must be made.
Partnership is commutative - the undertaking of each partner is considered as the equivalent of that of the others.
Partnership has separate juridical personality - it can enter into contracts, acquire and possess property, incur obligations, and bring civil or criminal actions in its name.
What is Corporation?
Corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence. Corporation is a juridical person that has a personality distinct from its members or stockholders. Corporation is also a permanent contract that continues to exist even if its members or stockholders change.
Corporation has several characteristics that distinguish it from other contracts and business organizations. Some of these characteristics are:
Corporation is created by operation of law - it requires compliance with legal formalities such as incorporation and registration.
Corporation has right of succession - it continues to exist despite the death, withdrawal, or insolvency of its members or stockholders.
Corporation has limited liability - its members or stockholders are liable only to the extent of their shares or interest in the corporation.
Corporation has centralized management - its affairs are managed by a board of directors elected by its members or stockholders.
Corporation has transferability of shares - its members or stockholders can freely transfer their shares or interest in the corporation subject to certain restrictions.
Why Read Law On Partnership And Corporation Pdf Hector De Leon Pdf?
There are many reasons why you should read Law On Partnership And Corporation Pdf Hector De Leon Pdf if you want to learn more about partnership and corporation law in the Philippines. Here are some of them:
You can gain a deeper understanding of the principles and concepts of partnership and corporation law from an expert author and professor.
You can benefit from the illustrations, problems, and solutions that will help you apply the law in practical situations.
You can access the book online for free without downloading or paying anything.
You can use the book as a reference or a study guide for your academic or professional purposes.
How to Read Law On Partnership And Corporation Pdf Hector De Leon Pdf?
If you want to read Law On Partnership And Corporation Pdf Hector De Leon Pdf online for free, you can use an online platform that offers high-quality PDF files without downloading them. One of the best platforms that we recommend is Scribd. Scribd is a popular platform that hosts millions of books, documents, audiobooks, podcasts, magazines, and more on various topics and genres. You can also find many books by Hector S. de Leon on Scribd, including Law On Partnership And Corporation Pdf Hector De Leon Pdf.
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Conclusion
Law On Partnership And Corporation Pdf Hector De Leon Pdf is a valuable book that will help you learn more about partnership and corporation law in the Philippines. The book is written by Hector S. de Leon, a renowned author and professor of law who has published several books on various topics of law. The book explains the principles and concepts of partnership and corporation law in a clear and comprehensive manner. The book also includes illustrations, problems, and solutions to help you understand and apply the law better.
If you want to read Law On Partnership And Corporation Pdf Hector De Leon Pdf online for free, you can use an online platform like Scribd that offers high-quality PDF files without downloading them. You can also access other books by Hector S. de Leon on Scribd, as well as millions of other books, documents, audiobooks, podcasts, magazines, and more on various topics and genres.
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What are the Types of Partnership?
Partnership can be classified into different types according to various criteria. Some of the common types of partnership are:
According to liability - partnership can be either general or limited. In a general partnership, all the partners are liable for the debts and obligations of the partnership to the extent of their personal assets. In a limited partnership, there are two kinds of partners: general partners who have unlimited liability, and limited partners who have limited liability up to their contribution.
According to duration - partnership can be either particular or universal. In a particular partnership, the partners agree to carry out a specific undertaking or transaction. In a universal partnership, the partners agree to carry out all that is present or future pertaining to their property or industry.
According to object - partnership can be either commercial or professional. In a commercial partnership, the partners engage in trade or business activities for profit. In a professional partnership, the partners engage in the exercise of a profession or an art.
What are the Types of Corporation?
Corporation can be classified into different types according to various criteria. Some of the common types of corporation are:
According to formation - corporation can be either de jure or de facto. A de jure corporation is one that is formed in accordance with the law and has all the legal rights and privileges of a corporation. A de facto corporation is one that is formed without complying with all the legal requirements but has a colorable right to exist as a corporation.
According to purpose - corporation can be either stock or non-stock. A stock corporation is one that has capital stock divided into shares and is authorized to distribute dividends to its shareholders. A non-stock corporation is one that does not have capital stock and does not distribute dividends to its members.
According to control - corporation can be either public or private. A public corporation is one that is created by the state for governmental purposes and is subject to its control. A private corporation is one that is created by private persons for private purposes and is subject to its own by-laws.
What are the Advantages and Disadvantages of Partnership and Corporation?
Partnership and corporation have their own advantages and disadvantages as forms of business organization. Some of them are:
AdvantagesDisadvantages
Partnership
- Easy to form and dissolve- Unlimited liability of partners
- More capital and resources- Limited life of partnership
- More skills and expertise- Conflicts among partners
- More flexibility and autonomy- Difficulty in transferring interest
- Tax benefits- Joint and several liability for debts
Corporation
- Limited liability of stockholders- Complex and costly formation and dissolution
- Perpetual existence- Double taxation
- Transferability of shares- Separation of ownership and management
- Large capitalization- Government regulation and supervision
- Professional management- Social responsibility and accountability
Conclusion
Law On Partnership And Corporation Pdf Hector De Leon Pdf is a useful book that will help you learn more about the law on partnership and corporation in the Philippines. The book is written by Hector S. de Leon, a respected author and professor of law who has published several books on various topics of law. The book explains the principles and concepts of partnership and corporation law in a clear and comprehensive manner. The book also includes illustrations, problems, and solutions to help you understand and apply the law better.
If you want to read Law On Partnership And Corporation Pdf Hector De Leon Pdf online for free, you can use an online platform like Scribd that offers high-quality PDF files without downloading them. You can also access other books by Hector S. de Leon on Scribd, as well as millions of other books, documents, audiobooks, podcasts, magazines, and more on various topics and genres.
Partnership and corporation are two common types of business organization that have their own advantages and disadvantages. Partnership is a contract whereby two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing the profits among themselves. Corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence. Partnership and corporation can also be classified into different types according to various criteria.
If you are interested in learning more about partnership and corporation law in the Philippines, you should read Law On Partnership And Corporation Pdf Hector De Leon Pdf. It is a valuable book that will provide you with a deeper understanding of the law on partnership and corporation. ca3e7ad8fd