In a general partnership $.$

Multiple Choice

$8$

$00$:$44$:$06$

profits and losses must be split equally among the partners.

an unequal split of profits may be agreed to based on the partnership agreement, but losses must be split equally.

profits must be split equally, but losses may be split unequally based on the partnership agreement.

profits and losses may be unequally split based on the partnership agreement.