[lpppp]

Miller, Lovitt and Sims formed a partnership to breed and race horses. Miller and Lovitt each contributed $25,000 to the partnership. Sims contributed four horses valued at $25,000. The partnership agreement provided that the partners would share profits equally. When the horses failed to perform as expected, Miller and Lovitt decided to reduce Sims' share of the profits. Sims objected.

1. How will this case be decided?
2. Support your decision with applicable provisions of the UPA and/or RUPA.

[JudyKayTee]

My concern is that if I do your law school homework I'll also have to go to Court with you when you're in actual practice.

I don't want to do either.

AMHD doesn't want me to, either.

[AK lawyer]

Ippp, how about we do it like this: you post your answer and we look at it and comment?

[Fr_Chuck]

Was the partnership in writing? What was the terms. Of course you don't know this, since it is not a real case, which is the issue, in real law, there is all sorts of detais that often make the case.