136. Extent of partner's right to indemnity.

(8)     Right to Indemnity

136.     Extent of partner's right to indemnity.

Subject to any express or implied agreement, each partner is entitled to be indemnified by his firm out of its assets, or by way of contribution by his partners, in respect of payments made and personal liabilities incurred by him in the ordinary and proper conduct of the partnership business1, or in or about anything necessarily done for the preservation of the firm's business or property2. The right extends to expenditure for partnership purposes made with the express or implied consent of the other