A,B,and C were partners in a firm having no partnership agreement. A,B – InterviewSolution

1.	A,B,and C were partners in a firm having no partnership agreement. A,B and C contributed Rs.2, 00,000, Rs.3,00,000 and 1,00,000 respectively. A and B desire that the profits should be divided in the ratio of capital contribution. C does not agree to this. How will the dispute be settled?
Answer» C is correct because in the absence of Partnership deed the profits are to be shared equally.

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