Sharif, Hirsch, and Wolff formed a limited partnership with
Sharif and Hirsch as general partners. Wolff was the limited
partner. They failed to agree upon a profit-sharing plan but put
in capital contributions of $120,000, $140,000, and $150,000,
respectively. At the end of the first year how should they divide
the profits?

Sharif and Hirsch each receives half and Wolff receives
none.
Each of the three partners receives one-third.
The profits are shared in proportion to their capital
contribution.None of the above.

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