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Partner A bought a machinery of Rs. 2 Million whereas partnership deed does not allow a partner to singly execute any transactions above Rs. 1

  1. Partner A bought a machinery of Rs. 2 Million whereas partnership deed does not allow a partner to singly execute any transactions above Rs. 1 Million. Partner A in his defense took plea that due to expected increase in dollar rates, he bought the machine at lower cost for the benefit of the Firm. Is this a misconduct by Partner A?

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