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Held: 1. The Right of Exclusive

The right of exclusive management given to Tan Sin An was a personal right based on trust and confidence that ended with his death. While the partnership agreement stated the heirs would represent a deceased partner, this did not apply to Tan Sin An's managerial rights but rather only to the inheritance of his ownership interest, with his heir becoming only a limited partner.

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15 views1 page

Held: 1. The Right of Exclusive

The right of exclusive management given to Tan Sin An was a personal right based on trust and confidence that ended with his death. While the partnership agreement stated the heirs would represent a deceased partner, this did not apply to Tan Sin An's managerial rights but rather only to the inheritance of his ownership interest, with his heir becoming only a limited partner.

Uploaded by

daregumacal
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
Download as docx, pdf, or txt
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Held: 1.

The right of exclusive


management conferred upon Tan
Sin An, being premised upon trust
and confidence, was a mere
personal right that terminated
upon Tans demise. The provision in
the articles of partnership stating
that the deceased partner shall be
represented by his heirs could not
have referred to the managerial
rights given to Tan Sin An but it
more appropriately relates to the
succession in the propriety interest
of each partner (heir becomes
limited partner only).

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