Tonie shared to you her interest to invest in the business proposal of Marky to organize a partnership with him to operate an agricultural business using small farm to grow medicinal marijuana in Ilocos Sur. She said that she will contribute 20 hectares of agricultural land which she owns in the said province.

However, she told you that she does not have enough cash to contribute. She is also worried that Marky is planning to take a loan in the amount of PhP 203,000.00 as cash capital and might not be able to pay it on his own.

She asked you the following questions:

1. Can I contribute my agricultural land to the partnership?
2. Do we need to register our partnership to a regulatory agency? If yes, what agency?
3. I really want to invest, what should I do to protect myself from the possibility that Marky will default in his payment?

Overall, what is your assessment of the plan of Tonie to invest in the business proposal of Marky.