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1. If only the sharing of the profits was designated in the articles of partnership, what will govern the sharing of the losses between or
1. If only the sharing of the profits was designated in the articles of partnership, what will govern the sharing of the losses between or among partners? 2. A sold to B, one of the managing partners of Partnership X, the other being C, a certain number of mining claims without the consent of C. In an action by A to recover unpaid balance of the purchase price against Partnership X, C claims that the contract is not binding upon the partnership for the reason that under the articles of partnership, there is stipulation that one of the partners cannot bind the firm by a written contract without the consent of the others? Is the transaction made by B binding upon the partnership? 3. A, B, and C are the original partners of the partnership X with contributions of P10,000.00 each. X partnership owes D P40,000.00. Later on, E entered the partnership and contributed P4,000.00 How shall the debt be paid? 4. A, B, and C are partners with the following capital contributions, P30,000.000. P20,000.00 and P10,000.00 respectively, where C is a capitalist-industrial partner. For one year of their operations, their partnership had earned net profits of P17,000. How shall these profits be divided among the partners if there was no agreement in the articles of partnership? 5. T hired X law, a law firm, to represent Y Company, T's company, in labor negotiation and to advise it on labor matters. P, a senior partner of X Law, was responsible for advising Y Company. T gave money to invest in the common stock of another company. P misappropriated the money. Is X responsible for the loss
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