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In the absence of a partnership deed, is a partner entitled to receive commission?

Answer and explanation

Correct answer: No — in absence of a deed a partner is not entitled to commission

Under partnership principles a partner is not entitled to salary or commission by default; such remuneration requires an express provision in the deed or a separate agreement among partners. Therefore, in the absence of a partnership deed a partner has no automatic right to commission. Option C is incorrect because it refers to an express provision in the deed (which does not exist here); option D is wrong because commission is not determined merely by capital contribution. Exam tip: remember the default position — no salary/commission/interest without agreement.

Related tags

Partnership DeedCommissionPartnership AccountsPartners RemunerationPartnership LawPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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