alleryStart learning →An outgoing partner's estate is left unpaid. What interest rate may it opt for?
A12% p.a.
B8% p.a.
C10% p.a.
D6% p.a.
Answer & Solution
Correct answer: D. 6% p.a.
Section 37 lets the outgoing partner or estate choose either profit attributable to his share or interest at six percent per annum.
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