Utmost Good Faith
Whether a partnership is such contract of the chief good faith. Every one partner is entitled for utmost gaviness rom his co-partners. Therefore this equitable principle is manifested into the subsequent ways. Like;
- A partner must mot with no the other partners engage in such any business in direct competition within the firm's business. And one is
- A partner can just only be expelled commencing the firm in good faith and one is
- Any secret profit made have be accounted for the firm and one is
- A partner must disclose various personal interest in such contracts entered in on behalf of the firm also.