Multiple choice

In the absence of clear agreement, the excess amount of profit given to the partner for guaranteed profit will be borne by

  1. any one partner

  2. all other partners in equal ratio

  3. all other partners in their profit sharing ratio

  4. no other partner
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer as it is borne in profit sharing ratio.

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