X and Y are in partnership but do not have a partnership agreement. X had introduced twice as much capital as Y and made a loan to the partnership.
X insists he is entitled to the following:
1 interest on the extra capital he has invested
2 interest on the loan he has made to the partnership
3 a profit share of double that of Y
4 not to pay interest on his drawings.
What is X entitled to?
1 )
1 and 2
2 )
1 and 3
2 and 4
4 )
3 and 4
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