Q576
Under section 16(b) of the Indian Partnership Act, 1932 a partner is accountable for the profits, to the firm, of a business carried on by him which is
A.
Of the same nature as that of the firm but not competing with the firm
B.
Competing with that of the firm
AnswerC.
Either (A) or (B)
D.
Only (A) and not (B)
Answer: Option B
Solution
Answer: Option B
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