Engineering Board Exam Reviewer · ECE · easy
A business organization formed by two or more persons who contribute money, property or industry to a common fund with the intention of dividing profits is a:
- Sole proprietorship
- Corporation
- Joint stock company only
- Partnership
Answer
D. Partnership
Solution
Article 1767 of the Civil Code.
More ECE questions
- A business organization owned by one person who bears unlimited liability is a:
- A broadcast station's transmitter, after an upgrade, emits spurious signals that interfere with an airport's navigation frequencies. Which…
- An ECE in his free time, using only personal equipment and unrelated to his job as a sales engineer, invents a new audio circuit. With no…
- An ECE designs an improved antenna while employed as an R&D engineer whose job is antenna design, using company equipment. There is no…
- A telco employee downloads subscribers' names and numbers and sells them to a marketing company. Which laws are most directly violated?
- A company installs CCTV cameras in its office restrooms to 'prevent theft'. Which statement is correct?
- The Labor Code of the Philippines is:
- The National Building Code of the Philippines is:
- The Consumer Act of the Philippines, which covers product warranties and consumer protection, is:
- The Philippine law that created a framework for the country's space development and use is: