Discussion
Under section 10 of the Indian Partnership Act, 1932 every partner is under a duty :-
Answer: B
Under Section 10, every partner must indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm.
Section 10 of the Indian Partnership Act, 1932 is a short, specific rule: every partner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business.
The other duties come from other sections. Section 9 imposes the general duties to carry on the business to the greatest common advantage, to be just and faithful to each other, and to render true accounts and full information. The duty not to carry on a competing business is in Section 16(b). None of them is Section 10.
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