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Under the Indian Partnership Act, 1932, in the absence of agreement to the contrary, partners must…

Section 13(b) also provides that, absent a contrary agreement, partners must equally contribute to the losses sustained by the firm, mirroring the equal default rule for…

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Under the Indian Partnership Act, 1932, in the absence of agreement to the contrary, partners must contribute to losses:

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Correct answer A

Section 13(b) also provides that, absent a contrary agreement, partners must equally contribute to the losses sustained by the firm, mirroring the equal default rule for sharing profits.

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