JURISDICTION: PHILIPPINES

please in clude the article number in the explan ation.

1. Can the partners entrust to a party not part of the partnership agreement their share in the profits and losses of the partnership? Explain. 2. Can the partnership contract contain a provision exempting a partner from the share of profits of the partnership? Explain 3. In question number if a partner is excluded from losses incurred by the partnership, is the exclusion valid? Explain 4. Can a partner be prohibited from joining or engaging in another partnership venture? Explain 5. Enumerate and define the principal property rights and related property rights of a partner