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Under Section 10, a partner who commits fraud in the conduct of the firm's business must:
ABe expelled automatically
BMake good (indemnify) the loss caused to the firm
COnly apologise
DShare the loss equally with others
Answer & Solution
Correct answer: B. Make good (indemnify) the loss caused to the firm
Section 10 obliges a partner who commits fraud in the firm's business to indemnify the firm for the loss so caused.
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