Is a partner who possesses prior commercial experience considered derelict in duty if he undertakes a commercial project in contravention of established regulations and requirements, leading to the loss of capital?
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Radiif AI Legal Assistant
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Yes, the partner is considered derelict in duty if he undertakes a commercial project in contravention of established regulations and requirements, especially if he possesses prior commercial experience, and he bears the consequences of the capital loss resulting from this dereliction of duty.
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