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
Q. Liability based definition of phoenix activity? The definition used by Treasury, and used as a working definition for this project, focuses on the intent with which phoenix

Equitable Lien General examples are for the lien of an unpaid seller about land who that has moved out of possession to unpaid purchase money and such the right of partners on

Compensation for Removal: Subsection (6) provides that nothing in s.185 shall be taken as depriving a removed director of compensation or damages payable to him in respect of

Division of company's Powers: Article 80 of Table A states: "The business of the company shall be managed by the directors one who may... exercise all the such powers of th

Deadlock in the management: The company existed only to "work a particular patent" and as it could not do so it should be wound up. But if there are two or more alternative

Q. Describe the Cole Inquiry recommendation? In 2003 the Cole Inquiry made a range of recommendations to reform the building and construction industry. The Inquiry found that t

International Competition Law -  Select a specific industry or corporation and analyse the factors that determine a competitive or anticompetitive outcome; - Factors such a

Termination of agency - Agency Law However an agency relationship may come to an end through: like; Mutual agreement, or consent Withdrawal of consent Performance,

Counter - offer and Death - Termination of an Offer Counter - offer However a counter - offer is constituted through the offeree's qualified acceptance that in itself g

Question 1: Critically examine the ‘Exclusivity Principle' and support your answer with relevant case law. Question 2: Even before the decision of the Court in Anismini