If a partnership deed is silent on how profits are to be shared, partners share…

If a partnership deed is silent on how profits are to be shared, partners share profits
  • A.
    in the ratio of the value of business secured by each partner for the partnership
  • B.
    in the ratio of partner capital contributions
  • C.
    in an equal proportion irrespective of partners’s capital contributons
  • D.
    according to duties performed by each partner
Correct Answer: Option C
Explanation
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