Multiple choice

Which of the following is not the right of a partner?

  1. Right to take part in business

  2. Right to have access to account books

  3. Right to share profits

  4. Right to receive remuneration
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Partners have rights to participate in business (Section 12(a)), access account books (Section 12(d)), and share profits (Section 13(b)). However, there is NO automatic right to receive remuneration/salary for working in the firm - this must be explicitly agreed upon. Unless the partnership deed specifies payment, a partner is NOT entitled to salary for services.

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