Rights and Duties of Partners (Sections 13-31): Partners' rights include sharing profits (equal unless agreed otherwise), capital contribution return upon dissolution, inspection of books, admission of new partners (with consent), and indemnity for authorized acts. Partners' duties include contributing capital, sharing losses (proportional to profit share), accounting for firm property, not competing with firm, and acting in good faith. Fiduciary duty: Partners owe each other fiduciary duty; duty of utmost good faith. Case law: Meinhard v. Salmon establishes fiduciary standards. Partner liability: Each partner liable for firm debts; creditors can pursue personal assets. Partner for tortious acts: Partnership liable if partner's wrongful act/omission causes loss in ordinary business. For accountants, understanding partner rights/duties critical for partnership financial reporting and liability assessment. Partner breaches may require indemnity claims. Exam tip: Identify specific right/duty claimed; apply corresponding section; assess materiality for partnership operations.