2. No common name can be adopted.
3. Only one member is ostensible and can sue or be sued. The others are silent.
4. No common fund.
(Articles 240-242, Code of Commerce)
Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.
Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Code of Commerce » FEATURES OF A JOINT ACCOUNT
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum