Question

Rajeev and Siddharth are partners in a firm. State whether the claim is valid if the
partnership agreement is silent in the following matters (with reasons):
(a) Siddharth wants interest on loan @ 10% p.a. on the loan of 30,000 advanced
by him.
(b) Rajeev claims that he should get a salary of Rs. 5,000 per month for his extra
time spent.
(c) Rajeev wants to introduce his son Rahul into his business, but Siddharth
objects to it
(d) Siddharth claims that interest on capital be allowed @ 12% p.a.?​

Answer 1

Answer:

please check the attachment