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Law · Q363

Indian Partnership Act

Graduate and Post Graduate · Law · question 363

Q363

Where the partnership business is carried on by the other partners after the outgoing of a partner, without a final settlement of accounts, under section 37 of the Act, the outgoing partner is entitled to a share of profits

A.
In equal share with other partners
B.
Proportionate to the share of assets
Answer
C.
Higher than what he was getting when he was a partner
D.
As decided by the partners

Answer: Option B

Solution

Answer: Option B
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