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In the absence of any agreement, partners are liable to receive interest on their Loans @:
  • a)
    12% p.a
  • b)
    10% p.a.
  • c)
    8% p.a.
  • d)
    6% p.a.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In the absence of any agreement, partners are liable to receive intere...
Because It's mentioned in Partnership Act
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In the absence of any agreement, partners are liable to receive interest on their Loans @:a)12% p.ab)10% p.a.c)8% p.a.d)6% p.a.Correct answer is option 'D'. Can you explain this answer?
Question Description
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