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प्रश्न
State Whether the following Statement is True or False:
If the partnership deed is silent about the rate, interest on partner's loan is to be given @ 12% p.a.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
If the partnership deed is silent about the rate of interest on a partner's loan, the partner is entitled to interest at 6% per annum, not 12% per annum, under the Indian Partnership Act, 1932.
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