The correct answer is D. 1:1:1.
When there is no agreement between partners for sharing profits and losses, the law states that the profits and losses should be shared equally among the partners. This is because the law assumes that the partners have equal contributions to the partnership.
Option A is incorrect because it does not reflect the equal sharing of profits and losses. Option B is incorrect because it does not reflect the equal sharing of profits and losses. Option C is incorrect because it does not reflect the equal sharing of profits and losses.
It is important to note that the law may be different in different jurisdictions. It is always advisable to consult with a lawyer to ensure that you are in compliance with the law in your jurisdiction.