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If partners agree on how to share income, but say nothing about losses, then losses are shared
________.
Check-Collection
The process of receiving and processing checks to obtain payment from the banking institutions on which they are drawn.
Disclaimed
Refused to acknowledge or accept something, especially legal claims or responsibility.
Warranty Liability
The legal obligation of a seller or manufacturer to repair, replace, or compensate for a defective product within a specified time period.
Negotiation
A process of discussion aimed at reaching an agreement between two or more parties.
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