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of <h1>Partnership Firm Liable for Partner's Wrongful Acts Under Section 26 of Indian Partnership Act, 1932</h1> Under Section 26 of the Indian Partnership Act, 1932, a partnership firm is liable for any loss, injury, or penalty caused to a third party by the wrongful act or omission of a partner, provided the act was conducted in the ordinary course of the firm's business or with the authority of the other partners. The liability of the firm is equivalent to that of the partner responsible for the wrongful act.
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