Question:
Pick the incorrect statement.
Pick the incorrect statement.
Updated On: Aug 5, 2024
- A partner in possession of more information about the affairs and assets of the firm should not disclose to his co-partners.
- Every partner should indemnify the firm for any loss caused to it due to his fraud.
- A retired partner is not liable for acts of the firm done before his retirement.
- Every partner should use the property of the firm for firm’s purposes only.
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The Correct Option is C
Solution and Explanation
The correct option is (C): A retired partner is not liable for acts of the firm done before his retirement..
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