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Under the Indian Partnership Act, 1932, in the absence of a contract to the contrary, partners are…

Section 13(b) provides that, in the absence of a contract to the contrary, partners are entitled to share the profits of the business equally, not in proportion to capital,…

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Under the Indian Partnership Act, 1932, in the absence of a contract to the contrary, partners are entitled to share profits:

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Section 13(b) provides that, in the absence of a contract to the contrary, partners are entitled to share the profits of the business equally, not in proportion to capital, labour, or seniority.

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