Answer:
1: In court, the partners will earn returns based on the contribution of each partner. In this case in the ratio of 60:20:20
2: In most states the Uniform Partnership Act applies.
3: The problem would have been avoided if all partners came together to prepare a Partnership Deed to bind each.
Explanation:
Partnership deed is an agreement entered into by all partners to guide the operation of the partnership agreement. It also helps in preventing dispute.