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If the Partnership Agreement Does NOT Specifically State How Profits

question 5

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If the partnership agreement does NOT specifically state how profits and losses are to be distributed,then the partners will share profits and losses equally.


Definitions:

Life Expectancy

The average period that an organism, individual, or object is expected to live or function.

Target-date

A mutual fund or retirement portfolio that automatically shifts towards more conservative investments as the target date (usually retirement) approaches.

Retirement Funds

Retirement funds are financial plans that allow individuals to save money for their retirement years, typically consisting of a mix of stocks, bonds, and other assets.

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