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Question : The Partnership Deed is silent on the rate of interest to be paid on the amount due to the heirs of the deceased partner. At what rate interest on the outstanding amount shall be payable?
Option 1: At the rate at which the banks grant loan.
Option 2: At the rate of interest provided in the Partnership Act, 1932.
Option 3: At the rate of interest demanded by the heirs of the deceased partner.
Option 4: 12% PA
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