36.Fred, Paul, John, and Mark contributed P10,000 each for the purpose of betting in a "jeteng" draw. The contract of partnership is Select your answer 37.A universal partnership of all present property includes all the properties belonging to the partners at the time of the partnership was formed as well as property which the partners may acquire subsequently by reason of inheritance or donation. Select your answer 38.In the situation in No.28, Dan may not engage in any business at all. Select your answer 39.Dan, in partnership with Errol, set up a diner business, in which they agreed that Dan would work full time in the diner and Errol agreed to contribute money. Errol may not engage in any business other than another diner business. Select your answer 40.In the firm "Lilian, Bernadette, & Mayet", there was no partner assigned to manage. George owed Lilian P10,000 and owed the partnership P5,000, both debts being demandable. Lilian issued a receipt in her name to George who paid P5,000. The other partners have the right to demand of Lilian to apply the amount proportionately to the debts owed to the partnership and to Lilian. Select your answer 41.Brenda, Ode, Aira, all sumamed Juan, and Carmen Cita set up a limited partnership, with Brenda being the sole limited partner. The firm name is Juan & Cita. Brenda's liability goes beyond her contribution to the partnership and extends to all her properties. Select your answer 42. Upon the dissolution of a general partnership, in the order of priority for distribution of remaining partnership assets, payment in respect of the capital contributions of the partners take precedence over (or comes before) that in respect of profits