NATURE AND EXTENT OF LIABILITY OF FIRM FOR THE ACTS OF A PARTNER (Sec 18-27)
RELATION BETWEEN PARTNERS, ON ONE HAND AND THIRD PARTIES, ON THE OTHER Section 18 of the Indian Partnership Act, 1932, contains the principal on which the relation between partners on one hand and third parties on the other, is founded. According to this concerned section, for the business of the firm, a partner is an…
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