Partners have a right to be indemnified for expenditures they make for the partnership from their personal funds.

Name: Partners have a right to be indemnified for expenditures they make for the partnership from their personal funds.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Closely related to the duty to account is the right of a partner to be indemnified for payments made from personal funds and for personal liabilities incurred during the ordinary conduct of the business.

Partners Have a Right to Be Indemnified for Expenditures They