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Explain or state briefly the rule or reason for your answer. Quote the Article Number to support your answer. 1. Enumerate the essential requisite of a contract of partnership. Why is a partnership characterized as a preparatory contract? 2. X, Y and Z formed a partnership to which they contributed a total of capital of Php30,000. The partnership is not registered with the SEC. Does the partnership have judicial personality? 3. Same partnership. The partners agreed on the sharing of profits but not losses. Is there a valid partnership? 4. Same partnership. Among the purposes of the partnership is the promotion of social and religious end. Will this prevent the creation of a valid partnership in view of Article 1767? 5. Same partnership. The partnership was orally formed without the contract being put in writing signed by the partners. Is the contract of partnership valid? 6. N donated a condominium unit to X, Y, and Z, who agreed among themselves to lease it to W and share in the rentals. Are X, Y and Z partners