Question

    According to Indian Partnership Act, 1932 What is one

    of the requirements for partners regarding information sharing in a business firm?
    A Sharing only partial information with other partners Correct Answer Incorrect Answer
    B Maintaining confidentiality and not disclosing any information Correct Answer Incorrect Answer
    C Rendering true accounts and full information to any partner or legal representative Correct Answer Incorrect Answer
    D Providing false information to create an advantage for the firm Correct Answer Incorrect Answer
    E Restricting access to information affecting the firm Correct Answer Incorrect Answer

    Solution

    Section 9 of Indian Partnership Act, 1932 Partners are bound to carry on the business of the firm to the greatest common advantage, to be just and faithful to each other, and to render true accounts and full information of all things affecting the firm to any partner or his legal representative.

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