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If the deed forbids competing business and a partner earns ten thousand rupees from such business who may get that profit?

Answer and explanation

Correct answer: The firm

Profit earned from a competing business may have to be given to the firm. This is linked to the partners duty of loyalty.

Related tags

Competing BusinessProfit RecoveryPartner DutyPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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