Law · Indian Partnership Act, 1932
Under Section 10 of the Indian Partnership Act, 1932, every partner is under a statutory duty:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To be just and faithful to each other
- 2Not to carry on any business other than that of the firm
- 3To indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm✓
- 4To render true accounts and full information
Correct answer
To indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm
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