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Kate and Joe formed a partnership in 2012.Joe invested $60,000 and Kate invested $30,000.The partnership had $150,000 in income during 2012.There is no agreement as to how income is divided.Kate and Joe's share is:
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describes a contract or covenant that can be legally imposed or carried out through legal action.
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Contract Law
The body of law that governs the creation, enforcement, and interpretation of agreements between parties.
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