Section 13 of the Indian Partnership Act, 1932 deals with:
Section 13 is headed "Mutual rights and liabilities" and sets default rules, subject to contract, on remuneration, sharing of profits and losses, interest on capital and…
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Section 13 of the Indian Partnership Act, 1932 deals with:
Answer and explanation
Correct answer A
Section 13 is headed "Mutual rights and liabilities" and sets default rules, subject to contract, on remuneration, sharing of profits and losses, interest on capital and advances, and indemnity. General duties are in s.9, personal profits in s.16, and the partner's agency in s.18.
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