Question

Arun, Babu and Calvin are partners in a firm. As per terms of the partnership deed, Arun is

entitled to 20 percentage of the partnership property and profits. Arun retires from the firm

and dies after 15 days. Babu and Calvin continue the business without settling accounts.

Explain the right of the legal representative of Arun under the Partnership Act. ​

Answer 1

Arun, Babu and Calvin are partners in a firm. As per terms of the partnership deed, Arun is

entitled to 20 percentage of the partnership property and profits. Arun retires from the firm

and dies after 15 days. Babu and Calvin continue the business without settling accounts.

Explain the right of the legal representative of Arun under the Partnership Act. ​