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Law · Q84

Indian Partnership Act

Graduate and Post Graduate · Law · question 84

Q84

As a general rule, by virtue of section 13 of the Indian Partnership Act, 1932

A.
Partner is not entitled to interest on the capital subscribed by him
Answer
B.
Partner is not entitled to interest on the advance made over and above the share of capital
C.
Both (A) and (B)
D.
Neither (A) nor (B)

Answer: Option A

Solution

Answer: Option A
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