the following cases briefly. A mere yes or no will have no credit. 1. DAMIAN and ISABEL entered into a partnership called HOGWARTS & Co. They contributed equally to the partnership. After a year of operation, the assets of the partnership amounted to P40,000. The partnership was indebted to KOKOY in the amount of P28,000 while DAMIAN is indebted to TOKWA for the amount of P6,000. How much does ISABEL receive after the debts are settled? Explain. How much does DAMIAN receive after the debts are settled? Explain. 2. MARIA, LEONORA and TERESA are partners in TRES MARIAS & Co. PANOPIO represented himself as a partner in TRES MARIAS & Co. to ESTER, who, on the faith of such representation, extended credit to TRES MARIAS & Co. Is PANOPIO liable as a partner by estoppel? Why? If DAMIAN and ISABEL consented to the representation, are they liable? Why? If only ISABEL consented to the representation is there a partnership liability? 3. JULIA, HEAVEN and YEN entered into a partnership called SISTERS & Co. whereby each of them contributed P30,000 in cash. They agreed on a PROFIT SHARING AGREEMENT, as follows: JULIA.........40% HEAVEN........30% YEN.........30% How much shall each partner share in profits if they were not able to stipulate a profit agreement? Explain. Suppose losses occur, and only a profit sharing agreement is stipulated, how much shall each partner share on the losses