Answer Posted / nakul.khanadali

When a member of the company dies or ceases to be a partner and when the remaining partners continue to carry on the business of the firm with the property of the firm(including property of deceased partner)without settling the accounts of the deceased partner, then the executor's of the ceased partner will be entitled to an interest of 6%p.a on property(capital) of ceased partner OR he will be entitled share of profits earned on the unsettled amounts for the period till his dues are settled.

This is applicable when there is no contract between the partners of the same.

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Dear sir. My name is Long Nguyen and i am reached at the ago of 18 years old. My dad is 66 and i working while earning retirement benefit. Later, i opened a new account and the SSR sent checks to me. But at the same time, my dad received a letter " retirement, survivors and disability insurance," to return money since i was 17 years old. he already sent it back. But we didn't know what was the decision.i still keep continue to earn money until 19. please answer to us , please

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