Discuss the Options for the Allocation of Income and Loss

question 170

Essay

Discuss the options for the allocation of income and loss among partners, including with and without a partnership agreement.

---

Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affects an individual's employment, interferes with work performance, or creates a hostile work environment.

Americans with Disabilities Act

Legislation enacted in 1990 in the United States to prohibit discrimination and ensure equal opportunity for persons with disabilities in employment, government services, public accommodations, commercial facilities, and transportation.

Quid Pro Quo

A Latin term meaning something given in exchange for something else, typically referring to a mutual agreement where each party receives something of value.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature, especially in the workplace.