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Business Studies

Types of Partners , Partnership and Companies

Every partner...

Question

Every partner is bound to attend diligently to his ______ in the conduct of the business.

A

rights

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B

meetings

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C

capital

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D

duties

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Solution

The correct option is D duties
Every partner is bound to attend diligently to his duties in the conduct of the business. The duties of a partner are same as that of an agent like loyalty, good faith, taking reasonable care etc.

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