If a partnership deed is silent on how profits are to be shared, partners share…

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Commerce JAMB 1995

If a partnership deed is silent on how profits are to be shared, partners share profits

  • in the ratio of the value of business secured by each partner for the partnership
  • in the ratio of partner capital contributions
  • in an equal proportion irrespective of partners's capital contributons checkmark
  • according to duties performed by each partner

The correct answer is: C

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