1. What is the important underlying principle inherent in all partnership agreements?

 2. What is the distribution of the share of each partner in the capital, profits, and losses in the
business? 

 3. Is a partner entitled to be indemnified by the firm for his personal liabilities? 

 4. What is the right of a partner who gives advance to the firm for its business? 

 5. Can a partner participate in the management of the business and receive wages or salary? 

 6. What is the consequence of a partner who uses the partnership property, name, or business
connection to make a secret profit for himself? 

 7. What is the liability of a partner who competes with the firm in a business of the same nature
without the consent of other partners? 

 8. Can a partner assign his share to other persons?

1- it outlines the rights and duties and other terms relating to business management, division of
capital and profits of each partner,

2- Every partner is entitled to equal share of capital and profits of the business, and must contribute
equally to losses

3- yes the firm business is entitled to be indemnifies by the firm

4- Every partner who made any advance for the purpose of the firm's business, beyond the capital
amount he subscribed, is entitled to 8% interest per annum from the date of the payment of the
advance.

5- Every partner can participate in the management of the firm

6- According to Section 31, every partner who uses the partnership property, name or business
connection, or involve in any transaction concerning the partnership, without the consent of other
partners, must account to the firm for any secret profit or benefit derived by him.

7- section 32 explain the obligation of a partner not to compete with the firm in business of the
same nature without consent of the other partners. so, he or she must account for and render all
profits made by him to the firm.

8-  ye he or she can assign it to other person, However, the assignee is not entitled to interfere in the
management of the partnership business or to require any accounts of the partnership transactions
or to inspect the partnership books. The assignee is only entitled to receive the share of profits to
which the assigning partner would be entitled.