105. Basis of the relationship.

3.     Relations between Partners

(1)     Necessity for Good Faith and Duty of Care

105.     Basis of the relationship.

Ordinary partnerships are presumed by law to be based on the mutual trust and confidence of each partner in the integrity of every other partner; and as a result partners owe each other a duty of good faith1. While a breach of this duty2 may sound in damages3, it is not a universal rule4. Subject to agreement to the contrary, partners owe each other a duty of care in relation to the