alleryStart learning →If a purchase option is duly exercised, what further profit share does the outgoing partner get?
AHalf of later profit
BNo further share
COne year's profit
DInterest alone
Answer & Solution
Correct answer: B. No further share
Under the proviso to Section 37, once the purchase option is duly exercised the outgoing partner or estate has no claim to any further share of profits.
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