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.
On the other hand, mere mistakes in judgment, and mere neglect of interests where no duty devolves under agreement impose no liability, a distinction being made between the negligent performance of duties and the neglect to be a diligent and efficient partner where no duty is undertaken or imposed by contract.19
 
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