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Where one partner is better acquainted with the firm's accounts in a transaction with another partner for sale of a share, Section 9 requires him to:
ARefer the matter to court
BConceal material facts to bargain better
CCharge a fee for disclosure
DDisclose all material facts (utmost good faith)
Answer & Solution
Correct answer: D. Disclose all material facts (utmost good faith)
The duty of utmost good faith under Section 9 requires the better-informed partner to disclose all material facts in dealings with co-partners.
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