Ch 12: Relations of Partners to One Another
1. The Duties, Rights and Liabilities of Partners
1-1 General Duties of Partners [I]
1-1 General Duties of Partners [I]
Query: Jo loss hoga wo compensate teeno ko krna prega mtlb equally between them all???? ......Ya phir Beshak wo ek k fraud ki waja sy hua ho bakio ki koi glti na ho to wo loss jiski wja sy hua hoga usne bear krna akeley???.....
Reference: General duties of partners
Response: Example 5 is quite clear on this:
1. Firm will be liable to third party to pay it the compensation.
2. Other partners can claim their portion of compensation from the partner who committed fraud.
1-2 Rights and Duties by Contract [I]
1-2 Rights and Duties by Contract [I]
1-3 Rights and Duties relating to conduct of business [I]
1-3 Rights and Duties relating to conduct of business [I]
1-4 Mutual Rights and Liabilities [I]
1-4 Mutual Rights and Liabilities [I]
1-5 Personal Profits Earned by Partners [I]
1-5 Personal Profits Earned by Partners [I]
1-6 Q&A Rights and Duties of Partners after change in firm [O]
1-6 Q&A Rights and Duties of Partners after change in firm [O]
1-7 Q&A Rafiq, Bari and Furqan [O]
1-7 Q&A Rafiq, Bari and Furqan [O]
1-8 Q&A Abid, Rizwan and Salman (ICAP Autumn 2017) [I]
1-8 Q&A Abid, Rizwan and Salman (ICAP Autumn 2017) [I]
1-9 Q&A Sohail, Talha, Umair & Co  [O]
1-9 Q&A Sohail, Talha, Umair & Co  [O]
1-10 Q&A Gul, Raza and Sami (ICAP Spring 2018) [O]
1-10 Q&A Gul, Raza and Sami (ICAP Spring 2018) [O]
1-11 Q&A Mandatory Duties (ICAP Autumn 2019) [O]
1-11 Q&A Mandatory Duties (ICAP Autumn 2019) [O]
1-12 Q&A Aftab, Rehan and Bali (ICAP Autumn 2019) [O]
1-12 Q&A Aftab, Rehan and Bali (ICAP Autumn 2019) [O]
1-13 Q&A Asghar, Babar and Careem (ICAP Spring 2017) [O]
1-13 Q&A Asghar, Babar and Careem (ICAP Spring 2017) [O]
1-14 Q&A General Duties of a Partner (ICAP Autumn 2020) [X]
1-14 Q&A General Duties of a Partner (ICAP Autumn 2020) [X]
1-15 Q&A Tahira, Farhana and Sadia (ICAP Spring 2021) [I]
1-15 Q&A Tahira, Farhana and Sadia (ICAP Spring 2021) [I]
1-16 Q&A Krypton Traders & Co (ICAP Spring 2022) [I]
1-16 Q&A Krypton Traders & Co (ICAP Spring 2022) [I]
2. The Property of the Firm
2-1 Partnership Property [R]
2-1 Partnership Property [R]
2-2 Application of the property of the firm [R]
2-2 Application of the property of the firm [R]
2-3 Q&A Kashif, Irfan and Shujaat [O]
2-3 Q&A Kashif, Irfan and Shujaat [O]
2-4 Q&A Rufi (ICAP Spring 2016) [X]
2-4 Q&A Rufi (ICAP Spring 2016) [X]
2-5 Q&A Bader and Yaseen (ICAP Autumn 2018) [R]
2-5 Q&A Bader and Yaseen (ICAP Autumn 2018) [R]
2-6 Q&A Zareer Bridals (ICAP Spring 2022) [I]
2-6 Q&A Zareer Bridals (ICAP Spring 2022) [I]
2-7 Q&A Property of firm (ICAP Spring 2023) [X]
2-7 Q&A Property of firm (ICAP Spring 2023) [X]
3. Objective Based Q&A
3-1 MCQs [1 to 10] [O]
3-1 MCQs [1 to 10] [O]
3-2 MCQs Past Exams up to Spring 2022 [R]
3-2 MCQs Past Exams up to Spring 2022 [R]