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


Question

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

Options

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

The correct answer is C.


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