This section is from the book "Popular Law Library Vol8 Partnership, Private Corporations, Public Corporations", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
Every partner is liable to the firm for loss caused by his failure to exercise due care and diligence in his conduct of the firm business.15 And every presumption will be against those to whose negligence or misconduct the non-production of proper accounts is due.16 And the books should be kept in the firm's place of business where all members may inspect them.17
 
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