[e] State whether the words in bold form
a nown clause as a noun
phrase.
1
She knew that he was unwell.
2. She knew of his sickness.
Answers
Answer:
RajuandJaicommencedbusiness inpartnership onApril1. 2006. Nopartnershtp
agreement was made whether oral or written. They contributed Rs. 4, 00,000 and
Rs. 1, 00.000 respectively as capitals. In addtion. Raju advanced
Rs. 2.00,000 as loan to the firm on October 1. 2006. Raju met with an accident
on July 1, 2006 and could not attend the business up to september 30, 2006.
The profit for the year ended March 31, 2007 amounted toRs. 50,600. Disputes
have arisen between them on sharing the profits of the firm.
Rqju Claims:
(i) He should be given interest at 10% p.a on capital and so also on loan.
(ii) Profit should he distributed in the proportion of capitals.
JaiClaims:
(i) Net profit should be shared equally.
(ii) He should be allowed remuneration of Rs. 1.000 p.a. during the period of
Raju's illness.
(iii) Interest on capital and loan should be given@ 6% p.a
State the correct position on each issue as per the provisions of the
partnership Act. 1932.
Explanation: