Q.13. How are mutual relations ie., rights and obligations of partners are governed if there is no
partnership deed ?
(a) Contract Act
(b) Cooperative Societies Act
(c) Companies Act
(d) Partnership Act
Answers
Answer:
d partnership act it is the correct answer 100% please please please mark it as brain list I really want one brainliest answer to get a new rank
Answer:
(D) Partnership Act
Explanation:
There is no compulsion that one has to make a partnership deep in order to start up with a partnership business.
Though, one should always have a partnership deed prepared so to maintain the peace of the business and so the partners act according to the rules stated in the deed.
Even if there is no partnership deed, The Indian Partnership Act 1932 will be applicable.
In such a case, The profits will be shared EQUALLY among all the partnerspartners.
No interests on capital will be allowed to the partners.
No interests on drawings will be charged from the partners.
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