JAMB Commerce 2022 Objective — Question 18
Question 18 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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18. A silent partnership deed shows that partners share profits
- A. (A) in the ratio of the value of business secured by partners for the partnership
- B. (B) in the ratio of partners' capital contributions
- C. (C) in an equal proportionCorrect
- D. (D) according to duties performed by each partner
Explanation
Where a partnership deed is silent (does not specify a profit-sharing arrangement), the default position in law is that partners share profit or loss equally.
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