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Laird and Ball were partners in an indoor tennis center. Laird, a wealthy surgeon, contributed all the capital. Ball, a former tennis champion with an
Laird and Ball were partners in an indoor tennis center. Laird, a wealthy surgeon, contributed all the capital. Ball, a former tennis champion with an international reputation, contributed her name and agreed to work full time at the center. They agreed to split the profits equally. The losses, however, were all to be charged to Laird. Can the partners legally receive different proportions of the losses and the profits?
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