If a partnership has a capital of more than ₱3,000.00 and it is not registered, is the contract valid?

Question

Quizplus · Accepted Answer

In the context of partnerships, the amount of capital does not inherently affect the validity of the partnership agreement among the partners as long as the essential requisites of a contract are present. These requisites include consent of the contracting parties, a lawful object, and a cause of the obligation. Therefore, even if a partnership with a capital of more than ₱3,000.00 is not registered, the contract among the partners can still be valid. Registration may affect the partnership's ability to enforce rights against third parties, but it does not invalidate the agreement among the partners themselves.

If a Partnership Has a Capital of More Than ₱3,000