Under the Indian Trusts Act, 1882, partners without notice of the breach of trust are:
Under s.67, a partner who had no notice of the partner-trustee's breach is not liable for it "in his personal capacity to the beneficiaries". Joint and several liability…
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Under the Indian Trusts Act, 1882, partners without notice of the breach of trust are:
Answer and explanation
Correct answer C
Under s.67, a partner who had no notice of the partner-trustee's breach is not liable for it "in his personal capacity to the beneficiaries". Joint and several liability falls only on partners who had notice, and the Act puts no share of the loss or liability up to profits on the others.