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      Question

      As per Partnership Act, in which of the following cases

      partners have the duty to indemnify the loss caused to the firm?
      A Loss is caused by fraud of the creditors Correct Answer Incorrect Answer
      B Loss is caused by fraud of partners Correct Answer Incorrect Answer
      C Loss caused by anybody Correct Answer Incorrect Answer
      D Firm dissolves Correct Answer Incorrect Answer
      E Any of the above Correct Answer Incorrect Answer

      Solution

      As per s.10 of the Partnership Act, loss caused to the firm by fraud of partners is to be indemnified by the partners. It is their duty.

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