2. Hank was previously operated as a sole proprietorship. Later his son joined him to form partnership. Hank contributed all the assets value of $62,000 and Jake didn't contribute anything. They agreed to share profit equally. After all Jake operated the business with a very little help from his father. When the business terminated Hank contended that he was entitled to all of his initial investment. Jake countered that he is entitled to one-half the value of the business.