Right and Duties etc

Indian Partnershoip Act (IPA) 1930

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Under Section 10, every partner has a duty to indemnify the firth for any loss caused to the firm by his - in the conduct of the business of the firm.

Negligence

Wrongful act

Fraud

All of the above.

Explanation:

Every partner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm. (Section 10, Indian Partnership Act).

By: Parvesh Mehta

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