A,B,C and D are carrying on business of mobile exports. A was aware of the price of mobile and good knowledge in the purchasing of mobiles. A made personal transaction in the name of the firm.

A will not be liable for firm.

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It is enough to inform about his private business.

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A has to account personal profits to firm.

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A has done fraud.

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Solution

The correct option is C A has to account personal profits to firm.
A,B,C and D are carrying on business of mobile exports. A was aware of the price of mobile and good knowledge in the purchasing of mobiles. A made personal transaction in the name of the firm. In this case, A has to account personal profits to fir since A is not the only partner of the firm.

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