Examlex
State statutes that specify how property will be distributed when a person dies without a will are called______ laws.
Equal Share
A portion or percentage of something, such as profits or ownership, that is distributed equally among all members or parties involved.
Silent Partner
An investor in a partnership who contributes capital but does not take part in the management or daily operations of the business.
Day-To-Day Operations
Involves the regular, routine activities necessary for a business or organization to function efficiently.
Partnership Debts
Financial obligations that are the responsibility of a business partnership, to be repaid from the partnership's assets.
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