Art. 572. The usufructuary may personally enjoy the thing in usufruct, lease it to another, or alienate his right of usufruct, even by a gratuitous title; but all the contracts he may enter into as such usufructuary shall terminate upon the expiration of the usufruct, saving leases of rural lands, which shall be considered as subsisting during the agricultural year.
Partnership is covered by Article 1767-1867 of the Civil Code of the Philippines --http://www.scribd.com/doc/55300616/Partnership
No one is exempted because it is stated in the Article 3 of the Civil Code of the Philippines "Ignorance of the law EXCUSES NO ONE from compliance therewith."
Chidren and Women rights
Article 567 of the Civil Law of the Philippines is found in Book 2: Property, Ownership and Its Modifications, Chapter 2 Rights of the Usufructuary. Article 567 outlines the rights of natural and industrial fruit growers.
Article 567 of the Civil Law of the Philippines is found in Book 2: Property, Ownership and Its Modifications, Chapter 2 Rights of the Usufructuary. Article 567 outlines the rights of natural and industrial fruit growers.
Article 1156 of the Philippines civil code defines the term obligation as a legal demand to give or act or not act. Article 1178 declares that unless otherwise stated, the rights obtained through an obligation can be transferred to another person.
Articles 1767-1783 of the Civil Code of the Philippines pertain to the laws governing partnerships. These articles outline the formation, rights, duties, and liabilities of partners within a partnership, as well as the rules regarding the dissolution and winding up of partnership affairs. They provide a legal framework for how partnerships operate, ensuring clarity and accountability among partners.
Article 1205 of the Civil Code of the Philippines pertains to the liability of a debtor in the event of default. It states that a debtor is not liable for damages if they can prove that the non-fulfillment of their obligation was due to a fortuitous event or force majeure. This article emphasizes that the debtor's responsibility is contingent upon the circumstances surrounding their inability to perform the obligation.
Under the Civil Code of the Philippines, a partnership is treated as juridical person, having a separate legal personality from that of its members. Partnerships may either be general partnerships, where the partners have unlimited liability for the debts and obligation of the partnership, or limited partnerships, where one or more general partners have unlimited liability and the limited partners have liability only up to the amount of their capital contributions. It consists of two or more partners. A partnership with more than P3,000 capital must register with the Securities and Exchange Commission (SEC). You can check Title IX Art 1767-1783.
Article 1156 of the Civil Code of the Philippines defines an obligation as a legal requirement for a person to give something, to do something, or to refrain from doing something. It emphasizes that obligations arise from law, contracts, quasi-contracts, delicts, and quasi-delicts. This article serves as a foundational principle in understanding obligations and liabilities under Philippine law.
Article 1775 of the Civil Code of the Philippines defines a partnership as 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. It emphasizes that partnerships can be formed for a lawful purpose and can be established through written or oral agreements. This article lays the foundation for understanding the nature and obligations of partners within a partnership framework.
Article 682 of the Civil Code of the Philippines pertains to the rights of a usufructuary, which is a person who has the right to use and enjoy the property of another, as long as they do not alter its substance. It emphasizes that the usufructuary must take care of the property as a good father of a family and is responsible for its preservation, except for normal wear and tear. Additionally, the usufructuary is entitled to the fruits of the property during the usufruct period. This article outlines the responsibilities and benefits associated with the legal concept of usufruct in property law.