(i) A partner may not engage in a competing business without the consent of other partners.
(ii) A partner who makes a secret profit without the consent of the other partners must account
to the firm.
(iii) A partner who has a personal interest in a contract made by the firm is bound to disclose the
same to the other partners.
(iv) A partner can only be expelled from the firm in good faith.
maurice.mutuku answered the question on April 25, 2018 at 07:02
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Explain the ways in which a Partnership may be dissolved without a court order.
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Explain the ways in which a Partnership may be dissolved without a court order.
Date posted:
April 25, 2018
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Kinyago, a small scale farmer agreed to take a television set and a radio from Malipo
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The hire purchase...
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Kinyago, a small scale farmer agreed to take a television set and a radio from Malipo
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Date posted:
April 24, 2018
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April 24, 2018
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April 24, 2018
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April 24, 2018
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Discuss the limitation of Islamic Law as a source of Law.
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April 24, 2018
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April 18, 2018
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The Sale of Goods Act states that it is the duty of the seller to deliver goods and of the
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(Solved)
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April 18, 2018
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Date posted:
April 18, 2018
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Many contractual clauses in a contract purport to exclude liability for injury, loss or damage. Explain the general rules which will determine the effectiveness of...
(Solved)
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Date posted:
April 18, 2018
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A partner has a right to seek for the dissolution of a partnership. Explain the circumstances under which the court will generally order the dissolution...
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Date posted:
April 18, 2018
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April 17, 2018
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Explain five advantages of arbitration as a form of settling disputes.
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April 17, 2018
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Explain the key distinctions between common law and equity.
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April 17, 2018
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Mwangi has stolen some goods from Simiyu. The police prosecute Mwangi for theft
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(Solved)
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April 17, 2018
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Explain the difference between codification and consolidation of law and give examples of each.
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Explain the difference between codification and consolidation of law and give examples of each.
Date posted:
April 17, 2018
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Answers (1)