RELATIONS OF PARTNER TO ONE ANOTHER Flashcards
(29 cards)
Mutual rights and duties of partners names only?
right to take part in conduct of business?
right of access to books?
right to be consulted?
right to be indemnified?
right to share profits equally?
right to receive interest on advance?
right to receive interest on capital?
right of outgoing partner?
variation in partnership?
rights of partner after a change in a firm?
general/mandatory/absolute duties of partners explain and names only?
duty to be liable jointly and severally?
duty to act within authority?
duty in case of emergency?
duty to be just and faithful?
duty to provide true accounts?
duty to provide full information?
duty to be indemnify for fraud?
duty to bring the firm to greatest common advantage?
qualified duties of partners explain and names?
duty to use firms property exclusively for the firm?
duty not to engage in competing business?
duty not to assign/transfer his interest?
