What is the juridical personality status of the partnerships described?

The chosen answer highlights an important aspect of partnership law regarding the juridical personality of partnerships. Under the general principles of law applicable to partnerships, a partnership is recognized as having its juridical personality. This means that the partnership itself can own property, enter into contracts, and be sued or sue in its own name, separate from the individual partners.

This characteristic is significant because it creates a legal distinction between the partnership as an entity and the individual partners who compose it. While there are certain types of business structures where this distinction may not exist to the same extent, such as sole proprietorships, most partnerships possess a level of separate legal identity.

In contrast to the other options, which suggest misunderstandings about the nature of partnership entities, the correct answer clearly acknowledges that irrespective of the nature of the partnership (general or limited), it generally retains its own legal identity. This contributes to the fundamental foundation of partnership law, which recognizes the partnership as a distinct entity separate from the partners involved. Thus, it is applicable to all recognized partnerships under relevant laws.