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Adjustments Incase of Death of a Partner

Every Partner...

Question

Every Partner shall indemnify the Firm for any loss caused to it by his fraud in the conduct of the Firm's business. However, the Parties may agree that some Partners need not indemnify the Firm.

A

True

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B

Partly True

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C

False

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D

None of the above.

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Solution

The correct option is A True
Correct answer is true.

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Q. Partner shall indemnify the firm for any loss caused to it but his _______ in the conduct of the firm's business.

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