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Under Section 13(a), in the absence of a contrary agreement or usage, a partner is:
AEntitled to remuneration only if a managing partner
BNot entitled to any remuneration for taking part in the conduct of the business
CEntitled to double share of profit
DEntitled to a salary for conducting the business
Answer & Solution
Correct answer: B. Not entitled to any remuneration for taking part in the conduct of the business
Section 13(a): no partner is entitled to remuneration for conducting the business unless an express agreement or established usage provides for it.
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