A, B and C are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the commencement of the firm, they have faced the following problems: (a) A wants that interest on capital should be allowed to the partners but B and C do not agree. (b) B wants that the partners should be allowed to draw salary but A and C do not agree. (c) C wants that the loan given by him to the firm should bear interest @ 10% p.a. but A and B do not agree. (d) A and B having contributed larger amounts of capital, desire that the profits should be divided in the ratio of their capital contribution but C does not agree. State how you will settle these disputes if the partners approach you for purpose.

A, B and C are partners in a firm. They do not have a Partnership Deed

1.	A, B and C are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the commencement of the firm, they have faced the following problems: (a) A wants that interest on capital should be allowed to the partners but B and C do not agree. (b) B wants that the partners should be allowed to draw salary but A and C do not agree. (c) C wants that the loan given by him to the firm should bear interest @ 10% p.a. but A and B do not agree. (d) A and B having contributed larger amounts of capital, desire that the profits should be divided in the ratio of their capital contribution but C does not agree. State how you will settle these disputes if the partners approach you for purpose.
Answer» TION:In the GIVEN situation, C's claim is wrong.When there is no partnership deed, a partner is still entitled to interest on any amount advanced by him in excess of his capital contribution. The rate of interest on loan should be 6%p.a not more than that and it should still be paid in CASE of loss in any year.C should be paid interest on loan but not @10%p.a. He should be paid interest @6%p.a......Hope this helps youpleasemark as brainliestfollow me

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