Multiple choice

Section 9 of the Indian partnership Act states (i) duty to carry on the business to the greatest common advantage, (ii) duty to be just and faithful inter se, (iii) duty to render the accounts and (iv) duty to provide full information.

  1. True

  2. False

  3. Partly true

  4. Cannot say

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Section 9 of the Indian Partnership Act imposes four key duties on partners: to carry on business for greatest common advantage, to be just and faithful to each other, to render accounts, and to provide full information. These are mutual obligations between partners.