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.