If the partners fail to create an agreement,the UPA says that the partners share equally in the partnership's profits,even if their original capital contributions are unequal.

Question

Quizplus · Accepted Answer

This is true according to the Uniform Partnership Act (UPA), which states that in the absence of a partnership agreement, profits and losses are shared equally among the partners regardless of their contributions to the partnership's capital.

If the Partners Fail to Create an Agreement,the UPA Says