A and B are partners. They do not have any partnership agreement (partnership deed).
should be done in the following cases?
(I) A spends twice the time that B devotes to business. Claims that he should get a salary
Of Rs. 3,000 per month for his extra time spent.
(ii) B has provided a capital o Rs. 25,000 whereas A has provided Rs. 5,000 only as cap'
A however, has provided Rs. 10,000 as loan to the firm. What interest (if any) will be given
To A and B?
(iii) A wants to introduce his son Sunil into his business. B objects to it.
(iv) B wants that profit should be distributed in the ratio of capitals but A wants that it should be distributed equally. [CBSE 1991 Set I (Outside Delhi)