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Jack and Ryan are partners in a business. They have no written partnership agreement or written agreement of any type. Jack does 6 0 %
Jack and Ryan are partners in a business. They have no written partnership agreement or written agreement of any type. Jack does of the work for the business and brings in of the business. Ryan does of the work and brings in of the business. At the end of the year, if Ryan claims of the business\' profits, under the partnership laws of most states he will:
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succeed because he is entitled to of the profits
succeed because, although the Uniform Partnership Act does not apply in most states, as a partner, he is nevertheless legally entitled to share equally in the profits
not succeed because the Uniform Partnership Act does not apply
not succeed because under the Uniform Partnership Act he is entitled to in the profits
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