Sharing of Profits and Losses

Question 1

What is the general rule for profits and losses?

Answer 1

Profits are shared equally and losses are shared in proportion to the sharing of profits.

This is true if partners are silent on the issue.

Question 2

What is the right to contribution in this context of losses.

Answer 2

If a partner pays more than his portion of losses –> right to contribution from any partner who didn’t pay their share