CORPORATION VS. PARTNERSHIP

Business organizations are entities formed for the purpose of carrying on commercial enterprise.
By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves.
A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence.

DISSOLUTION OF PARTNERSHIP

A change in the relation of partners by any partner ceasing to be associated in carrying on the business is dissolution
Dissolution does not automatically result in the termination of the legal personality of the partnership, nor the relations of the partners who among themselves remain as co-partners until the partnership is terminated
In dissolution, the partnership is not terminated but continues until the winding up of the business.

What No treaty or international agreement shall be valid and effective unless concurred in by at least two-thirds (2/3) of all the Members of the Senate.
In the field of external affairs, the President must be given a larger measure of authority and wider discretion, subject only to the least amount of checks and restrictions under the Constitution.
The participation of the legislative branch in the treaty-making process was deemed essential to provide a check on the executive in the field of foreign relations.
By requiring the concurrence of the legislature in the treaties entered into by the President, the Constitution ensures a healthy system of checks and balance necessary in the nation’s pursuit of political maturity and growth.

What has been delegated cannot be delegated.
In times of war or other national emergency, the Congress may, by law, authorize the President, for a limited period and subject to such restrictions as it may prescribe, to exercise powers necessary and proper to carry out a declared national policy.
As the Congress is generally the repository of emergency powers, several conditions must first be met to be able to delegate such powers to the President.

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