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Siegfried and Roy Enter into a White Tiger Training Business

Question 21

Multiple Choice

Siegfried and Roy enter into a white tiger training business as partners, but did not create a partnership agreement. Much to Roy's disappointment, Siegfried is terrified of tigers and refuses to do any of the work. Therefore, Roy shoulder 95 percent of the labor while Siegfried only answer the office phone on occasion when he feels like it. At the end of the fiscal year, because of all of Roy's hard work, the business makes $1,000,000.00 in profit. How much will each partner get of the profit?


A) Siegfried and Roy will split the profit 50/50.
B) Siegfried will get 95 percent of the profit and Roy will get 5 percent of the profit.
C) Roy will get 95 percent of the profit and Siegfried will get 5 percent of the profit.
D) The court will divide the profit according to notions of fair dealing and good faith.

Correct Answer:

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