Multiple choice

Which of the following is not a mutual duty of a partner?

  1. Duty of utmost good faith

  2. Duty to carry on business to the greatest common advantage

  3. Duty to render true accounts and full information

  4. Duty to contribute funds or capital for the firm’s business

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Duty to contribute funds or capital for the firm’s business neither a statutory duty nor an implied duty of a partner towards a partnership firm.

Keep practicing — related questions