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Explanation- Section 37 of Indian Partnership Act, 1932 Where any member of a firm has died or otherwise ceased to be a partner, and the surviving or continuing partners carry on the business of the firm with the property of the firm without any final settlement of accounts as between them and the outgoing partner or his estate, then, in the absence of a contract to the contrary, the outgoing partner or his estate is entitled at the option of himself or his representatives to such share of the profits made since he ceased to be a partner as may be attributable to the use of his share of the property of the firm or to interest at the rate of six per cent. per annum on the amount of his share in the property of the firm.
Which of the following countries is not a member of SAARC?
Which Ramsar site in India is recognized as Asia’s largest brackish water lagoon?
Human Development index was formulated by which of the following organisation?
Which of the following is the capital of Romania?
Who was the first Indian to win a Nobel Prize?
Where is Denali, previously known as Mount McKinley, located?
. Which of these sports is Sarita Singh related to?
Where is the Sukhna Wildlife Sanctuary located?
Where is the Kodaikanal Solar Observatory situated?
Which of these is a famous traditional craft of Himachal Pradesh?