utmost good faithwhether a partnership is such, Business Law and Ethics

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utmost good faithwhether a partnership is such

Utmost Good Faith

Whether a partnership is such contract of the chief good faith. Every one partner is entitled for utmost gaviness rom his co-partners. Therefore this equitable principle is manifested into the subsequent ways. Like;

A partner must mot with no the other partners engage in such any business in direct competition within the firm's business. And one is
A partner can just only be expelled commencing the firm in good faith and one is
Any secret profit made have be accounted for the firm and one is
A partner must disclose various personal interest in such contracts entered in on behalf of the firm also.

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