Which of the following statements are correct about partnership?

(A) Each partner carrying on the business is the principal as well as the agent for all the other partners
(B) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner
(C) If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm are to be shared equally by partners
(D) Interest on partner's loan is to be given @ 12% p.a., if the deed is silent about the rate

Choose the correct answer from the options given below:

(A) and (C) only

The correct answer is Option (4) → (A) and (C) only