1. Jin, JK, RM, V, and Jimin are partners in the firm ABC Sales Company. Jin is an industrial partner, while the rest are capitalist partners with JK contributing P20,000.00; RM, P30,000.00; V, P10,000.00; and Jimin , P40,000.00. The partners stipulated that JK shall not be liable for liabilities of the partnership after its assets are exhausted. After several years of operational losses, ABC's assets dwindled to P120,000.00, while its liabilities reached P160,000.00. How shall the liabilities be paid?

2. J-hope, RM, Suga and Jin are partners in ABC Enterprises with capital contributions of P10,000.00, P20,000.00, P30,000.00 and P40,000.00, respectively. Jin is also an industrial partner being the manager of the partnership. The partnership sustained a loss of P14,000.00 during the year. How will the loss be divided to the partners if they have no sharing agreement? How much is the share of each partner in the loss?

Cite law provision under Partnership and Corporation Law in Philippines