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TIMED TASK 1.Unless there is a stipulation to the contrary, the partners shall contribute equal shares to the capital of the partnership. 2. As a

TIMED TASK

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1.Unless there is a stipulation to the contrary, the partners shall contribute equal shares to the capital of the partnership. 2. As a general rule, the damages caused by a partner to the partnership cannot be compensated or offset by the profits or benefits which he may have earned for the partnership by his industry. Both statements are wrong Both statements are correct Only the first statement is correct Only the second statement is correct

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