Paolo, Quito, Reyes, and Sari form Toda el Mundo LP, a limited partnership to import and sell clothing made in remote global locales. In the absence of an agreement among the partners to the contrary, profits will be shared

a. equally among the partners

b. on the basis of percentages of capital contribution

c. in the same ratio as losses

d. on a FICO- first-in, first out - basis

2.the operating agreement of a limited liability company and a state's llc statute can be applied together to determine the outcome of a dispute between the firm's member

true

false