Under the Indian Partnership Act, 1932, match List-I (Duties of partners) with List-II and select the…
The duty of absolute good faith is found in section 9 of the Indian Partnership Act, the duty not to compete with the firm's business in section 16(b), the duty of due…
Choose your answer
Under the Indian Partnership Act, 1932, match List-I (Duties of partners) with List-II and select the correct answer using the code given below.
| List-I | List-II |
|---|---|
| A. Duty of absolute good faith | I. Section 16(b) |
| B. Duty not to compete with the business of the firm | II. Sections 12(b)/13(f) |
| C. Duty of due diligence | III. Section 10 |
| D. Duty to indemnify for fraud | IV. Section 9 |
Answer and explanation
Correct answer B
The duty of absolute good faith is found in section 9 of the Indian Partnership Act, the duty not to compete with the firm's business in section 16(b), the duty of due diligence in sections 12(b)/13(f), and the duty to indemnify for fraud in section 10, which gives "A-IV, B-I, C-II, D-III".
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