Question: Q(3) TRUE or FALSE: 1 pt. for each correct answer i) The profits of a partnership are always divided equally between the partners. ii)

Q(3) TRUE or FALSE: 1 pt. for each correct answer i) The

Q(3) TRUE or FALSE: 1 pt. for each correct answer i) The profits of a partnership are always divided equally between the partners. ii) In a Partnership Agreement, any clause which excludes a partner from the obligation to share in the losses has no effect with respect to third parties.

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