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Law · Q431

Indian Partnership Act

Graduate and Post Graduate · Law · question 431

Q431

In the absence any contract between the partners, a partner making advance or payment beyond the amount of capital introduced by him, is entitled to interest thereon at the rate of

A.
12% per annum
B.
6% per annum
Answer
C.
118% per annum
D.
No interest at all

Answer: Option B

Solution

Answer: Option B
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