Question Completion:
O How much each person would invest
O What risks could impact their decisions
O What activities each person would perform
O How profit or loss would be divided
Answer:
The element of a partnership agreement that Chase have an issue with is:
O How profit or loss would be divided .
Explanation:
Profit or loss sharing is an important element of the partnership agreement. This is the reason that it is always stressed that partners must initiate a formal agreement before the formation of the partnership. Tackling issues before conflicts arise are always better than after. This discussion should have been settled before now so that Chase does not need to call a meeting to discuss it with Joel and Evan during the fourth quarter of the partnership's life.
