Utmost good faith, Business Law and Ethics

Utmost Good Faith

Whether a partnership is such contract of the chief good faith. Every one partner is entitled for utmost gaviness rom his co-partners. Therefore this equitable principle is manifested into the subsequent ways. Like;

  • A partner must mot with no the other partners engage in such any business in direct competition within the firm's business. And one is
  • A partner can just only be expelled commencing the firm in good faith and one is
  • Any secret profit made have be accounted for the firm and one is
  • A partner must disclose various personal interest in such contracts entered in on behalf of the firm also.
Posted Date: 1/30/2013 7:17:47 AM | Location : United States







Related Discussions:- Utmost good faith, Assignment Help, Ask Question on Utmost good faith, Get Answer, Expert's Help, Utmost good faith Discussions

Write discussion on Utmost good faith
Your posts are moderated
Related Questions
an impartial jury must

Continuing Guarantees – Negotiable Instrument A continuing guarantee is such type of a guarantee that extends to a series of transactions, so and such is not exhausted through

Legal Profession - Judges However in general speaking that judges of the High Court of Kenya are appointed from among advocates of in case of seven years' standing as like i.e

Q. International law is a law or not? It is debatable whether international law is a law or not. Law is defined as rules established by a governing authority to institute and m

Theories of international antitrust coordination We have come across various policy coordinations and adjustments but still there are other spheres of affairs where direct poli

A landowner has a duty to protect a person that enters his/her property from injury.  If the person is a guest or licensee, then it is a higher duty of care.  However, the landowne

Define the term - bliss point A country's bliss point is the outcome of monetary growth rates that gives that country its highest possible level of welfare. The bliss point fo

High Court Registrars Therefore these are magistrates that who in addition to judicial functions perform administrative responsibility. Thus they are appointed through the Jud

Legal Procedures: The court may order the examination in private or public (ie. open court) of an officer of a company in liquidation or of any person known or suspected to ha

State Article 14 of air and outer space law Article 14 refers to the fact that each contracting State should agree to take effective measures to prevent the spread by means of