Presentation Slides for Law Students 11_partnership_iii.ppt

Presentation Slides for Law Students 11_partnership_ii.ppt

1. Previous Lecture
Rights of Partner

2. Partnership - 3
Lecture # 11

3. Duties of Partners
•Work for Greatest Common Advantage
•Just and Faithful
•Render True Accounts
•Give Full Information

4. Duties of Partners
•Indemnify for Fraud
•Indemnify for Willful Neglect
•Share Losses

5. Duties of Partners
•Attend gently without Remuneration
•Hold and Use the PROPERTY OF Firm
•Account for Private Profits

6. Duties of Partners
•Account for Competing Business
•Act within Authority
•Not to Assign his Rights

7. Partnership Distinguishing
•Co-ownership

8. Partnership Distinguishing
•Company

9. Partnership Distinguishing
•Hindu Joint Family

10. Partnership Distinguishing
•Clubs

11. Next Lecture
Law of Partnership - 4