1. Discuss the Concept of partnership and its elements 2. Distinguish limited partners from general partners, what are their duties and liabilities of them? 3. What are the different Obligations of the Partners as to the following? A. Relations among partners themselves; B. Relations of the partners with the partnership; C. Relations of the partnership with third persons with whom it contracts; D. Relations of the partners with such third persons 4. Define and give the meaning of the following: A. Dissolution B. Winding up C. Termination D. Judicially winding up E. Extrajudicially winding up5. Can Darren Cruz and his wife form a limited partnership to engage in a multi-national real estate business, with the wife Cassandra being a limited partner? Yes, or a No. provide a legal basis. 6. Andres and Bogs are co-owners of inherited property. Both of them agreed to use the said properties and the income derived therefrom as a common fund with the intention of profits. It is clearly stipulated the equal share with respect to their participation is a determining factor in the partition. What is the effect of such an agreement between Andres and Bogs on the existing co-ownership? Provide a legal basis