By the contract of ---, two or more persons bind themselves to contribute to money, property, or industry to a common fund, with the intention of dividing the profits among themselves.

Is an artificial being created by operation of law, having the right of succession and powers, attributes and properties expressly authorized by law or incident to its existence.

Is a juridical necessity to give, to do, or not to do.

It is the meeting of the minds between two persons whereby one binds himself with respect to the others, to give something or to render some service.

Partnership is --- in character.

Every contract of partnership, having a capital of Php --- or more in money or property, shall appear in public instruments, which must be recorded in the Office of the ---.

are those formed or organized for the government of a portion of the State.

an obligation, which if not fulfilled when it becomes due and demandable, may be enforced in court through action.

a kind of obligation in which both parties are bound to perform a part in the obligation.

as a means of extinguishing an obligation is the offsetting of the respective obligations of two persons who stand as principal creditors and debtors of each other, resulting to the extinguishment of their obligations to their concurrent amount.

The following are the essential elements of a contract, except;

the birth of the contract.

considered to be inexistent by operation of law, thus confers no right to any party thereto.

a contract which is valid until annulled.

This doctrine refers to the case when the director or officer of the corporation is presented with a business venture which can be profitably handled by the corporation.

It means the capacity for continuous existence despite the death or replacement of its shareholders or members, for it has a personality and distinct from those who compose it.

A contract to burn the competitor hostel is -

A contract of sale of real property entered into by Argus, 6 year old boy and 60 years old Rey Valera is