If a partnership deed is silent on how profits are to be shared, partners share profits
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A In the ratio of the value of business secured by each partner for the partnership
- B In the ratio of partner capital contributions
- C In an equal proportion irrespective of partners's capital contributons
- D According to duties performed by each partner
Correct Answer: Option C
Explanation:
Share question on: