4. In the absence of
partnership agreement expressed
or implied, the Partnership Act 1890, Se...
Business, 20.05.2021 02:20 dwighthibbert56
4. In the absence of
partnership agreement expressed
or implied, the Partnership Act 1890, Section 24,
requires among other things that:
no interest on capital to be allowed
no salary/remuneration to be allowed
profits and losses to be shared equally
IV loans made by partners to earn interest
of 8% per annum
A.
I and II only
B. II and Ill only
C. I, II and III only
D. I, II and IV only
Answers: 1
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