The brand name or trademark of a company is normally the single most important item desired by a franchisee

The partnership agreement for Owen Associates, a general partnership, provided that profits be paid to the partners in the ratio of their financial contribution to the partnership. Moore contributed $10,000, Noon contributed $30,000, and Kale contributed $50,000. For the year ended December 31, Owen had losses of $180,000. What amount of the losses should be allocated to Kale?

A. $20,000 B. $60,000 C. $90,000 D. $100,000

The U.S. Court of Appeals is primarily a court of original jurisdiction

a. True b. False