Special contracts based on guarantee, Cheat Sheet of Civil Law

Download Special contracts based on guarantee and more Cheat Sheet Civil Law in PDF only on Docsity! Duties of partners Proper use of According to Section 15 Application of the property of the firm Subject to the contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business. Add your text Duty to attend According to Section 12(b) every partner is bound to attend diligently to his duties in the conduct of the business Duty to carry on According to Section 9 of the Indian Partnership Act General duties of partners Partners are bound to carry on the business of the firm to greatest common advantage, to be just and faithful to each other. Duty to render According to Section 9 of the Indian Partnership Act It is Duty of Partner to render true accounts and full information of all things affecting the firm to any partner, his heir or legal representative. According to Section 10 Every partner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm Duty to indemnif̂ ^