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1.Mohan and Shyam are partners in a firm. State wether theclaim is valid if the partnership agreement is silent in thefollowing matters:a) Mohan is an active partner. He wants a salary of Rs.10,000 per year.Mohan has contributed Rs. 20,000 and Shyam Rs.50,000 as capital. Mohan wants equal share in profits.Shyam wants interest on capital to be credited @ 6% perannumShyam had advanced a loan to the firm. He claimsinterest @ 10% per annum.b)c) |
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