Zenzo, Zella and Zinzi wish to form a partnership.Zenzo is putting up 60% of the capital; Zella is putting up 40%, and Zinzi is putting in no capital but will manage the business.In the absence of a provision in the partnership agreement, how will the liability and profits be distributed?

Question

Quizplus · Accepted Answer

In the absence of a specific agreement, profits and liabilities in a partnership are typically shared equally among partners, regardless of capital contribution or work input.

Zenzo, Zella and Zinzi Wish to Form a Partnership