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Oak Ridge Partners is a general partnership composed of three partners, Allan (who contributed 45% of the partnership capital), Beth (who contributed 25% of the
Oak Ridge Partners is a general partnership composed of three partners, Allan (who contributed 45% of the partnership capital), Beth (who contributed 25% of the partnership capital), and Cal (who contributed 30% of the partnership capital). The partnership has a written agreement but it is silent on a number of issues, including division of profits, management and voting, and admission of new members. The partnership made $200,000 last year. Give each partner's share of the profits and discuss how
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