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

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