Question

(Provisions of the Indian Parence shop tu? 1032) A Band C are partners in a firm
They do not have a Partnership Derd
(1) A, who has contributed more capital than than other partners, demands interest on capital at 10% p.a, and share of profit in the capital ratio. But B and C do not agree with him.
(ii) B has devoted full time to run the business and demands a salary of 5,000 p.m. But A and C do not agree with him.
(iii) C demands interest on the loan of Rs 50,000 advanced by him at the market rate of interest which is 12% p.a.
(iv) A has drawn 10,000 from the firm for personal use. B and C demand that interest should be charged @ 10% per annum.
(V) Net Profit before taking into account any of the above claims amounted to 50,000 at
the end of the first year of the business.
How will the disputes be settled?​

Answer 1

Explanation:

A constitution can be either unitary or federal. A unitary system is governed constitutionally as one single unit, with one constitutionally created legislature.

...

Distinguish between the Unitary and Federal systems of government.

Federal government Unitary government

Power and responsibilities are shared between national and local levels. Power is placed in one central governing system