Desperate to find a solution, A went to you for advice. How would you advice A?...

   

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Desperate to find a solution, A went to you for advice. How would you advice A? Explain A, B and C decided to form a limited partnership as a vehicle for their business venture of trading recyclable water bottles. The Certificate filed for record with the SEC contained the following details: Name A B C Туре Contribution General/Industrial Php 50,000 General/Industrial Php 50,000 Limited Php 100,000 A and B are both general partners while C is a limited partner; Either general partner can admit a limited or general partner; C can demand and receive property other than cash in return for his contribution; On September 1, 2020, A met Jon, a well-connected businessman in Davao. After several meetings, A and Jon agreed that it would be better for the Company for Jon to join as a general partner. This decision was, however, opposed by B. Although A knew that he has the right to include an additional general partner, she also knew that under the New Civil Code, amending the Certificate of Limited Partnership requires the signatures of all members of the Partnership, including B. Desperate to find a solution, A went to you for advice. How would you advice A? Explain A, B and C decided to form a limited partnership as a vehicle for their business venture of trading recyclable water bottles. The Certificate filed for record with the SEC contained the following details: Name A B C Туре Contribution General/Industrial Php 50,000 General/Industrial Php 50,000 Limited Php 100,000 A and B are both general partners while C is a limited partner; Either general partner can admit a limited or general partner; C can demand and receive property other than cash in return for his contribution; On September 1, 2020, A met Jon, a well-connected businessman in Davao. After several meetings, A and Jon agreed that it would be better for the Company for Jon to join as a general partner. This decision was, however, opposed by B. Although A knew that he has the right to include an additional general partner, she also knew that under the New Civil Code, amending the Certificate of Limited Partnership requires the signatures of all members of the Partnership, including B.

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In the scenario you provided there seems to be a conflict between A and B regarding the addition of ... View the full answer