Where under a contract between the partners, the remaining partners have opted to purchase the share of the outgoing partner, the outgoing partner, under section 37(2) of the Act has
A. A right to receive the interest on the unpaid capital but his right to share of profits ceases
B. A right to receive share of profits in the proportion of the assets but his right to receive interest ceases
C. A right to receive share of profits or the interest on the unpaid capital
D. No right to receive share of profits or the interest on the unpaid capital as the same ceases
Answer: Option D
This Question Belongs to Law >> Indian Partnership Act
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