[Solved] If a partner commits fraud in the conduct of the business of the firm:

Q.	If a partner commits fraud in the conduct of the business of the firm:
A.	He shall indemnify the firm for any loss caused to it by his fraud
B.	He is not liable to the firm
C.	He is liable to the partners
D.	He is liable to the third parties
Answer» A. He shall indemnify the firm for any loss caused to it by his fraud

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Fundamentals of Laws and Ethics

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