Question

What share of profit would a 'sleeping partner', who has contributed $75\%$ of the total capital, get in the absence of a deed?

Answer 1

In case of absence of partnership deed, of nothing is mentioned about sharing of profits and losses by the partners in the deed, then partners shares profits and losses in an equal ratio irresprective of their Capital contribution in the form. So, in this case ever if the sleeping partner has contributed $75\%$ of the total capital of the firm the provisions of partnership deed implies distribution of profits and losses will be shared by all the partners equally.