Question

At what rate is interest payable on the amount remaining unpaid to the executor of deceased

partner, in absence of any agreement among partners, when (s)he opts for interest and not share

of profit.

(a) 12% p.a.

(b) 8% p.a.

(c) 6% p.a.

(d) 7.5%p.a.​

Answer 1

Answer:

The rate of interest payable on the amount remaining unpaid to the executor of deceased partner is 6% per annum. Explanation: The 6% per annum interest is made only in the absence of any agreement among partners, when she or he take the option for interest not the option of share or profit.

Explanation:

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