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GP (General Partnership): Either a formal structure with a partnership agreement, or an informal structure, in which case the Partnerships Act for the province will apply; LP (Limited Partnership): An investment structure, limiting both the liability and the participation of the investor.
A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: Must be created by agreement, proof of existence and estoppel. Formed by two or more persons
This is a list of Philippine twin towns, sister cities and other international relationships. In most cases, the association, especially when formalized by local government, is known as " town twinning " or " sister cities ", and while most of the places included are cities, it also includes municipalities, provinces and a region.
The general partnership, in which all partners manage the business and are personally liable for its debts, developed under common law. General partners have an obligation of strict liability to third parties injured by the Partnership. General partners may have joint liability or joint and several liability depending upon circumstances.
The Family Code of the Philippines enacted into law in 1987 by President Corazon Aquino defines marriage as "a special contract of permanent union between a man and a woman" [23] Republic Act No. 386 of 1949 or the Civil Code of the Philippines, also includes mentions of marriage as being between a man and a woman.
This is a list of the twin towns, sister cities and other international relationships of Metro Manila, composed of cities with which the National Capital Region of the Philippines, Metro Manila and its local government units are twinned geographically and politically, with the goal of fostering human contact and cultural interchange.
General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts and obligations.
The Philippine Civil Code is strongly influenced by the Spanish Civil Code, which was first enforced in 1889 within the Philippines when it was still a colony of the Spanish Empire. The Código Civil remained in effect even throughout the American Occupation ; by 1940, the Commonwealth Government of President Manuel Luis Quezon formed a ...