CAF-4 · Chapter 12 · Question 1 of 10
Which of the following is considered a 'mandatory' general duty of a partner that CANNOT be altered by an agreement among the partners?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Duty to carry on business to the greatest common advantage and to be just and faithful.
Explanation
Section 9 outlines mandatory duties that cannot be contracted out of: to carry on business to the greatest common advantage, to be just and faithful, and to render true accounts.
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