Mutt and Jeff could not agree on how to share the profits and losses of their partnership.In this case,the law would require that partnership profits and losses be divided:

Question

Quizplus · Accepted Answer

In the absence of an agreement specifying how profits and losses should be shared, the law defaults to dividing partnership profits and losses equally among partners, regardless of their individual capital contributions or the amount of work performed.

Mutt and Jeff Could Not Agree on How to Share