PLEASE ANSWER IN PHILIPPINES LAW CONTEXT (COMPLETE EXPLANATION)

5.Belle, Arianne, Aurora, Cinderella and Mulan agreed to form a partnership to engage in a network marketing business. All of them are excellent communicators and have experiences in sales and marketing. They agreed to contribute their respective skill and industry to the partnership. None will be contributing money or property in the partnership funds, since they decided that they would utilize the social media in their business, and all their transactions will be on a work-from-home arrangements. Was a partnership formed? Cite your reason. (5points)

6.Isko and Pita agreed to form a partnership to engage in the selling of construction materials and supply. Each contributed money and property to the partnership's funds totaling P700,000. They started their business operations after securing the Mayor's Permit, however, they failed to register their partnership with the Securities and Exchange Commissions. What is the effect on their failure to register with the SEC, to the legality of the partnership, and the legality of their business operations? (5points)