Partnership is a type of business where two or more individuals come together to carry on a business with the objective of making profits. In a partnership firm, the partners share profits according to their agreed sharing ratio. However, in the absence of an agreement, partners are entitled to certain rights and benefits. One of such entitlements is interest on loan and advances.

Explanation:

Interest on Loan and Advances:
Partners may lend money to the partnership firm or make advances to the firm for various business purposes. In the absence of an agreement, partners are entitled to receive interest on such loans and advances. The rate of interest may vary depending on the nature of the loan or advance and prevailing market rates.

Other entitlements:
Apart from interest on loans and advances, partners are not entitled to salary or commission in the absence of an agreement. These entitlements are usually agreed upon at the time of forming a partnership and are based on the contributions made by each partner to the firm.

Profit share in capital ratio:
Partners are entitled to share profits according to their agreed sharing ratio. In the absence of an agreement, profits are to be shared equally by all partners. However, if the partnership deed specifies a different sharing ratio, then profits will be shared accordingly.

Conclusion:
In conclusion, partners in a partnership firm have certain rights and entitlements in the absence of an agreement. Interest on loans and advances is one such entitlement that partners can claim. However, it is always advisable to have a partnership deed in place to avoid any disputes or misunderstandings in the future.

According to the partnership act salary or commission or remuneration is not allowed unless contrary intention appears i.e unless partners decide something else and if agreement is not there profit is shared in equal ration hence c is correct