(a) Arun, Bobby and Chintu entered into partnership of manufacturing and distribution of educational CDs on 1st April, 2019. Arun looked after business development, Bobby content development and Chintu financed the project. At the end of the year on 31st March, 2020, Chintu demanded interest 10% p.a. on the capital contributed by him. Other partners did not agree to his demand. How the dispute will be resolved within the provisions of Indian Partnership Act, 1932? (a) X, Y and Z are partners in a firm. X provided loan to firm Rs. 2,00,000. X demanded 10% interest on loan. There is no partnership deed. Can X demanded 10% interest? (b) A, B and C are partners in a firm. A is active partner. He wants salary Rs 2,00,000 p.a. But there is no partnership deed. Can A demanded salary?
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