College Savings

(i) He has a right to share in the property and profits of the firm, according to his share as agreed upon between the partners.

(ii) He is entitled to have access to inspect and take copies of the accounts of the firm. Notice that apparently as minor is entitled to take inspection of or copies of the books of the account of the firm.

(iii) His agreed share in the property and profits of the firm is liable for the acts of the firm, though the minor personally or his personal or separate property is not so liable.

(iv) He has no right while he continues to be a member to file a suit against the other partners for accounts or for payment of his share in the profits or the property of the firm.

(v) He can only do so, when he wants to sever his connection with the firm.

(vi) In such a suit for serving his connection with the firm, his share will be determined by valuation according to the principles laid down in sec. 48 for taking accounts of a dissolved partnership.

(vii) In such a suit however, the other partners, or the partner entitled by agreement to dissolve the partnership by notice, may elect to treat the suit as one for as general dissolution and in such as case, the minor's share shall be determined in the same manner as the shares of the partners are determined on taking general partnership accounts.

(viii) Within 6 months of his attaining majority or of his knowing that he has been admitted into the partnership which ever is latter, the minor must give public notice, as defined by sec. 72, notifying whether he has elected to become or not to become as partner. If he fails to give such notice, he shall be deemed to have elected to become a partner.

Further, if the minor relies on absence of knowledge of his being partner till after 6 months of his majority, the burden of proving such fact is only the minor. Public notice here means as notice to the Registrar, in case of as registered firm, as notice in the local Official Gazette and in one vernacular newspaper circulating in the district where the principal office of the firm is situate (sec.72).

(ix) where the minor elects to become a partner (a) his rights and liabilities as between the partners continue the same till such date, but (b) as regards third persons, he becomes liable for all acts of the firm, from the time he was admitted into the partnership (and not only from the date he attained his majority or made his election) and (c) his share in the profits and property of the firm shall remain the same, as it was, when he was a minor.

(x) If the minor elects not to become a partner, (a) his rights and liabilities, as between the partners, shall continue the same as before till the date of notice; (b) his share shall not be liable for the acts of firm after date of the notice; and (c) he will be entitled to sue his partners for accounts and for payments of his share as mentioned above.

Please help me to find BPI branch in Metro Manila to change my check.

Thank you,

Lilia B. Mendoza

Undergraduate schools are not typically ranked by major since they are becoming more and more unimportant. A school with a solid B.B.A. program will give you a great foundation in finance and you can get your Masters of Science in Finance after undergraduate. UPenn, Harvard, Yale, Stanford, U. of Chicago, and UNC-Chapel Hill all have great business programs. Check NewsWeek's Top 100 B-Schools list.

Wharton is the business school of the University of Pennsylvania(Penn) and has an excellent Finance program. It is highly competitive so be prepared and it also offers a chance to take liberal arts classes through Penn's College of Arts and Sciences, thereby giving you a well-rounded education.

Yes, if you have an outstanding balance due and especially if you provided your social security number on your application. The collection agency will then identify any accounts that have additional pertinent information such as social security number (if not provided), phone numbers and alternate points of contact. The agency will then attempt to collect the outstanding balance. If they fail to collect the debt, the delinquent account will be listed to your credit bureau. When you apply for any future loan, revolving account or have any one check your bureau for credit worthiness (i.e. apartment, cell phone or utility company) your college course debt will be listed as an unpaid debt. The debt may have also accrued interest, late fees and the collection agency fees.

1 term = Monomial

2 term = Binomial

3 term = trinomial

No standard for 4, or any larger fixed number of terms, but "polynomial" is used when the number of terms is unknown.