Question

Subject to contract between the partners, for taking part in the conduct of the business, a partner is _________.

• A. Not entitled to receive any remuneration
• B. Entitled to reasonable remuneration
• C. Entitled to remuneration based on profits
• D. Entitled to remuneration in the ratio of their capital

Answer 1

The correct option is A Not entitled to receive any remuneration

According to the Partnership Act 1932, the partners those are in agreement with the partnership deed who are taking part in the conduct of business and management of the firm are not entitled to receive any remuneration of any sort.