Under the Indian Trusts Act, 1882, partners with notice of the breach of trust are:
Section 67 says that "the partners having such notice are jointly and severally liable for the breach of trust". Notice alone is enough, without proof of consent, and each…
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Under the Indian Trusts Act, 1882, partners with notice of the breach of trust are:
Answer and explanation
Correct answer C
Section 67 says that "the partners having such notice are jointly and severally liable for the breach of trust". Notice alone is enough, without proof of consent, and each may be made to answer for the whole loss rather than an equal share or only after the trustee.