Umully
(e) the firm shall indemnify a partner in respect of payments made and liabilities incurred by him-
(i) in the ordinary and proper conduct of the business, and
(ii) in doing such act, in an emergency, for the purposes of protecting the firm from loss, as would
be done by a person of ordinary prudence, in his own case, under similar circumstances; and
what is the meaning
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Are you foolish or what?? What do you want to say??
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