Essay: 1. Can a husband and wife form a limited partnership to engage in real estate business, with the wife being a limited partner? Please explain 2. The Office of the Solicitor General filed a Petition for Quo Warranto against ABS-CBN Corporation for allegedly violating the provisions of its franchise. Under the threat of closure, ABS-CBN Corporation decided to form a partnership with GMA 7 to continue with its regular programing. ABS-CBN Corporation then argued that its partnership with GMA 7 renders the quo warranti petition dismissible? Is ABS-CBN Corporation correct? Please explain True or False 1. An action for specific performance is available if a limited partner fails to perform the promised service. 2. Managing partner has the right to demand for compensation because he performs actions in behalf of the partnership and all the other partners. 3. If there arr two managing partners, their concurence is necessary for the administration of the partnership affairs. 4. Partners can designate one partner to determine how profits will be distributed among them. 5. A secret partner takes no active part in the partnership. Thank you