De Leon begins with the fundamentals. He defines a partnership (Article 1767) not just as a contract, but as an institution. His discussion on the essential requisites—consent, object, and contribution—is thorough. Crucially, he dissects the concept of delectus personae (the choice of the person), explaining why partnerships are inherently personal and why the death or withdrawal of a partner usually results in dissolution. This is a concept often misunderstood by beginners, but De Leon clarifies it with surgical precision.
Under Art. 1797, if only profit sharing is fixed by agreement, loss sharing is the same. If no agreement at all, share equally. Since no agreement here – equal division: P100,000 each. C (industrial) gets equal share despite no capital. partnership reviewer de leon
Your professor calls you for "Partnership." Read the Codal provisions (Arts. 1767-1780) first. Then, open De Leon. He lists the most common recitation questions at the top of each chapter. Memorize his three-sentence answers. De Leon begins with the fundamentals
De Leon’s table of contents is actually a hidden syllabus. Copy his chapter titles and summarize each in 5 bullet points. By the time you finish, you will have a 3-page mastery guide. Crucially, he dissects the concept of delectus personae
Partners owe each other the highest degree of loyalty, integrity, and good faith.