1. Ten years ago, Tad and Tori created a partnership. At that time, Tad contributed $400,000 in property and Tori contributed $600,000 in cash as capital for the partnership. Two years later, Tori provided $300,000 to the partnership as an interest-free loan. That loan has not yet been repaid. During the entire life of the partnership, Tori has performed approximately 60% of the partnership work, while Tad tended to devote much of his time to various charitable causes that were unrelated to the partnership. The partnership has now been dissolved. Sale of the partnership assets produced a fund of $1.2 million. It is necessary to spend $200,000 on debts that the partnership still owes to various creditors. Assuming that the parties have not replaced or modified the default rules applicable to their partnership,

1. Tad and Tori will receive the same amount
2. Tori will receive $800,000
3. Tori will receive an amount equal to her contribution and repayment of her loan.
4. Tori will receive an amount that reflects the fact that she performed 60 percent of the partnership's work.