Under section 10 of the Indian Partnership Act, 1932 every partner is under a duty:
Verified Answer
A. To render true accounts and full information
B. To indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm
C. Not to carry on any business other than that of the firm
D. To be just and faithful to each other
Explanation:
Section 10 of the Indian Partnership Act, 1932, specifically imposes a duty on every partner to indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm.