Under section 10 of the Indian Partnership Act, 1932 every partner has a duty to indemnify the firm for any loss caused to firm by his conduct of business of the firm arising out of:
CS CSEET · Business Laws and Management · PYQS · June 2026
Under section 10 of the Indian Partnership Act, 1932 every partner has a duty to indemnify the firm for any loss caused to firm by his conduct of business of the firm arising out of:
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) Fraud.
Topics: Indian Partnership Act, 1932
Related Questions in this Topic
- Vicky is a minor and has been admitted to the benefits of partnership under partnership law. On attaining majority, he h...
- Bobby is a partner in East and West Tyres. He has contributed more than share of the capital for business purpose. In th...
- The relation of partnership according to prescribed section of Indian Partnership Act, 1932 arises from:
- Under section 2(b) of Indian Partnership Act 1932 'business' includes:
- A partner who does not invest or participate in the management of the firm but only give their name to the business or f...