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Other Fields Homework Help Business Topic started by: Desolo on Apr 2, 2014



Title: How are profits and losses shared in the absence of a limited partnership agreem
Post by: Desolo on Apr 2, 2014
How are profits and losses shared in the absence of a limited partnership agreement?
A) Profits and losses are shared equally among all partners.
B) Profits and losses are shared equally among general partners and unequally among limited partners.
C) Profits are shared equally among all partners, losses are shared based on the value of each partner's capital contribution.
D) Both profits and losses are shared on the basis of the value of each partner's capital contribution.

This is for my business law class, anything will help


Title: Re: How are profits and losses shared in the absence of a limited partnership agreem
Post by: bbb on Apr 5, 2014
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Title: Re: How are profits and losses shared in the absence of a limited partnership agreem
Post by: Desolo on Apr 5, 2014
Thanks it was right