Every partner must account to the firm for any benefit derived by him without the consent of the other partners from any transaction concerning the partnership, or from any use by him of the partnership property, name or business connection1. This also applies to transactions undertaken after a partnership has been dissolved by the death of a partner, and before its affairs have been completely wound up, either by any surviving partner or by the personal representatives of the deceased partner2.
It follows that in the conduct of the firm's business a partner must not make any exclusive profit or
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