Where no partnership agreements exist, a partner who puts a sum of money into a...
FINANCIAL
POST UTME OAU
Where no partnership agreements exist, a partner who puts a sum of money into a firm in excess of the capital he has agreed to subscribe is entitled to _______ interest rate per annum on such money
- A)15%
- B) 10%
- C) 5%
- D) 2%
Correct Answer: C) 5%
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