3 Questions
What is one of the key features of partnership discussed in the text?
The degree of good faith expected from each partner
In partnership, each partner is considered as:
A representative who binds all partners
According to Section 9 of the Act mentioned in the text, what are partners bound to do?
Act in good faith and carry on the business for common advantage
Explore the concept of partnership in business and the importance of trust among partners. Learn about the obligations and responsibilities of partners as agents of the firm. Understand the significance of good faith in running a successful partnership.
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