My question is question 8.

2:044 X Unit 3 Business Entities: Attempt i Question 8 In the absence ofan agreement, the Uniform Partnership Act provides that partnership profits are to be divided up as follows: 6) By the relative amount of income generated by each of the partners By the relative amount of capital contributions By a system of seniority, with the senior partners being given a great portion than thejunior partners Evenly By the relative amount of hours put in per week by the partners Question 9 Acme Corporation rolled out a new product that turned out to be a financial disaster for the corporation. Acme's shareholders have sued Acme's directors claiming that they should be personally liable for the loss sustained by the corporation. In resolving this case, a court would apply which of the following standards? 1 of 'I 0 completed