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 Under the Indian Partnership Act, 1932, in the absence of an agreement, a partner is: 
  • a)
    To be paid salary 
  • b)
    To be paid salary if he is an Active Partner 
  • c)
    To be paid salary if he is a dormant partner only 
  • d)
    Not to be paid salary including dormant partner
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Under the Indian Partnership Act, 1932, in the absence of an agreement...
Explanation:


  • Indian Partnership Act, 1932: The Indian Partnership Act, 1932 governs the rules and regulations related to partnerships in India.

  • Absence of Agreement: In the absence of a specific agreement among partners regarding the payment of salary, the Act provides guidelines.

  • Partner's Salary: According to the Act, partners are not entitled to receive a salary, regardless of whether they are active or dormant partners.

  • Active vs. Dormant Partners: The Act does not differentiate between active and dormant partners when it comes to the payment of salary.

  • No Payment: Therefore, partners, including dormant partners, are not to be paid a salary unless there is a specific agreement stating otherwise.

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Under the Indian Partnership Act, 1932, in the absence of an agreement...
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Under the Indian Partnership Act, 1932, in the absence of an agreement, a partner is:a)To be paid salaryb)To be paid salary if he is an Active Partnerc)To be paid salary if he is a dormant partner onlyd)Not to be paid salary including dormant partnerCorrect answer is option 'D'. Can you explain this answer?
Question Description
Under the Indian Partnership Act, 1932, in the absence of an agreement, a partner is:a)To be paid salaryb)To be paid salary if he is an Active Partnerc)To be paid salary if he is a dormant partner onlyd)Not to be paid salary including dormant partnerCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Under the Indian Partnership Act, 1932, in the absence of an agreement, a partner is:a)To be paid salaryb)To be paid salary if he is an Active Partnerc)To be paid salary if he is a dormant partner onlyd)Not to be paid salary including dormant partnerCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the Indian Partnership Act, 1932, in the absence of an agreement, a partner is:a)To be paid salaryb)To be paid salary if he is an Active Partnerc)To be paid salary if he is a dormant partner onlyd)Not to be paid salary including dormant partnerCorrect answer is option 'D'. Can you explain this answer?.
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