Mary and Jeff entered into a partnership agreement.However,the agreement did not state how income and losses would be divided.The law states that income will be divided:
A)equally.
B)according to investments.
C)according to abilities.
D)None of these answers is correct.

Question

Quizplus · Accepted Answer

In the absence of a specific agreement, the law typically presumes that partners will share profits and losses equally.

Mary and Jeff Entered into a Partnership Agreement