Start learning 50% faster. Sign in now
Explanation: According to Section 9 of the Partnership Act, partners have a duty to carry on the business of the partnership to the greatest common advantage, to be just and faithful to each other, to render true accounts and full information, and to indemnify the firm for any loss caused to it by the partner’s misconduct. Partners also have a duty to share profits and losses equally unless otherwise agreed upon in the partnership agreement. However, partners are not allowed to compete with the firm in the same business.
In November 2021, President Ram Nath Kovind presented _________ award to Group Captain Abhinandan Varthaman.
What is India’s rank in Mercer Global Pension Index (2021 MCGPI) released by Mercer Consulting?
Which organization released the India Infrastructure Report 2023 on Urban Planning and Development?
Consider the following statement in regards to Gabriel Attal:
1. He is the new Prime Minister of Spain.
2. He becomes the youngest Prime M...
‘Birsa Munda Airport’ is located in which Indian city?
1st election for constituent assembly took place in?
District cooling system has been implemented in India for the first time at which place?
Which bank won the top position in the overall digital transactions amongst large banks for the financial year 2020-21?
Which of the following correctly describes the objectives of the Smart Laboratory on Clean Rivers (SLCR) project in Varanasi?
Who won the AIFF Female Player of the Year award in 2024?