Civil Code Art. 1767: General Provisions

Statute: Civil Code
Article: Art. 1767
Topic: General Provisions
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 1 General Provisions
Formerly: Art. 1665a of the old Civil Code
Year: 1949

The provision

By the contract of partnership 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. Two or more persons may also form a partnership for the exercise of a profession. (1665a)

Cases applying this article

Antonia Torres Assisted By Her Husband v. Court of Appeals G.R. No. 134559
Dan Fue Leung v. Hon. Intermediate Appellate Court G.R. No. 70926

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