QUESTION 28 2 points Save Answer Brooke. Emily and Kate formed a partnership. At the formation. Brooke contributed $6,000.00 as a capital contribution and Emily and Kate each contributed $2,000.00. If the partners never agreed up how profits and loss will be shared, under the UPA, profits and losses will be shared as follows a. Since Brooke contributed 60% of the capital contributions, she is entitled to 60% of the profits and Emily and Kate are each entitled to 20% of the profits. Losses will be shared the same way b. Since their agreement is silent, a court will decide how they will share profits and losses c. Since Brooke contributed 60% of the capital contributions, she is entitled to 60% of the profits but losses will be share equally among the three partners d. Brooke. Emily and Kate will share profits and losses equally. QUESTION 29 2 points Save Answer Liv, Lani Lindsay and Brina are all partners in Skateboards Plus. Liv and Lani want to admit Allie as a partner in the business. Liv and Lani can do this even if Lindsay and Brina do not agree. O True False QUESTION 30 2 points Save Answer Lorena is appointed as an agent for Milled Grains, Inc. The agency agreement is silent as to the level of sales that Lorena is expected to achieve. She must a. use reasonable diligence and skill in selling. b. achieve nothing because the agreement says nothing on the issue. c attain the level that Lorena achieved with her previous employer. d. attain the level of Milled Grains top selling salesperson. QUESTION 31 2 points Save Answer Dwight proposes to his girlfriend Angela and gives her an engagement ring. Angela breaks off the engagement but refuses to return the ring to Dwight. In New York a. Angela s entitled to keep the ring because it was an inter vivos gift b. They must ask a judge to determine who should be entitled to the ring c. Dwight is entitled to the ring because the marriage never took place d. Angela can keep the ring if she can prove that she broke off the engagement as a result of Dwight's bad behavior