If a partnership deed is silent on how profits are to be shared, partners share...
COMMERCE
JAMB 1995
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: C. in an equal proportion irrespective of partners's capital contributons
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