Tiffany and Sunmok were partners in TifSun, a partnership. They had no express agreement, however over a three-year period, profits were split with Tiffany getting 70% of profits and Sunmok getting 30% of profits. In their fourth year of business, the partnership generated a loss. A court would probably conclude that: The losses must be shared equally. In the absence of an agreement otherwise; profits and losses are shared equally among partners. The losses should be borne in the same proportion as the profits, so that Tiffany should bear 70% of the loss and Sunmok 30%. A court would probably assume that the parties intended to split losses in the same proportion as gains, absent some agreement otherwise. No answer text provided. O No answer text provided