Every Contract of Partnership Having a Capital of Three Thousand

Every contract of partnership having a capital of three thousand pesos or more, in money or property, shall appear in a public instrument, which must be recorded in the Office of the Securities and Exchange commission. Failure to comply with this requirement;

A) Renders the contract of partnership void.
B) Renders the contract of partnership unenforceable.
C) Affects the liability of the partnership to third persons and the partnership has no legal personality.
D) Does not affect the liability of the partnership to third persons and the partnership still has a legal personality.