Under Section 9, partners must carry on business to what end?
AHighest quick profit
BGreatest common advantage
CEach one's own benefit
DLowest possible cost
Answer & Solution
Correct answer: B. Greatest common advantage
Partners owe the duty to run the business for the greatest common advantage of all.
Keep practising Partnership
Browse all Partnership questions for CA Foundation, or explore more Businesslaw topics.
Related questions
A fixed-term firm carrying on after expiry takes the incidents of what?While settling accounts after dissolution, goodwill is treated as what?A partner rescinding for fraud ranks as what regarding debt payments he made?No premium refund follows when dissolution is mainly due to what?After dissolution, a partner's authority continues for what purpose?Which is repaid first among partners after outside debts?Settling accounts after dissolution, firm assets first pay what?Public notice of a registered firm's dissolution includes which publication?