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Law · Q93

Indian Partnership Act

Graduate and Post Graduate · Law · question 93

Q93

The outgoing partner, where the partnership business is continued by other partners without a final settlement of accounts, under section 37 of the Act, the outgoing partner is entitled to interest on the unpaid capital, at the rate of

A.
6% per annum
Answer
B.
9% per annum
C.
12% per annum
D.
As decided by the partners

Answer: Option A

Solution

Answer: Option A
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