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Question

The authority of partner to bind the firm by his acts done in the usual course of business is called his “implied authority”. Such authority does not include:

The authority of partner to bind the firm by his acts done in the usual course of business is called his “implied authority”. Such authority does not include:

.

Option A: Selling the firm’s goods

Option B: To borrow in a trading firm

Option C: Setting accounts with the persons dealing with the firm

Option D: Withdraw a suit or proceeding filed on the firm’s behalf.

Correct Answer

Option: d

Explanation

Section 19(2)(d) of Partnership Act.

Sample Mock Tests for Practice

THE ARBITRATION AND CONCILIATION ACT, 1996 (PAPER 01 Q. NO. 1 TO 30)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 18 Q. NO. 681 TO 720)

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 04 Q. NO. 106 TO 140)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 13 Q. NO. 481 TO 520)

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AIBE XVII 2023 (BCI-FEB-2023-SET-A) (ALL INDIA BAR EXAM 2023)

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THE CONSTITUTION OF INDIA, 1949 (PAPER – 11 Q. NO. 351 TO 385)

THE LIMITATION ACT, 1963 (PAPER 03 Q. NO. 81 TO 120)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 04 Q. NO. 106 TO 140)

THE LAW OF TORTS (PAPER 03 Q. NO. 91 TO 135)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 19 Q. NO. 721 TO 760)

AILET – National Law University Delhi Entrance Test (NLU 2018)

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 01 Q. NO. 1 TO 35)

RAJASTHAN LOWER JUDICIAL SERVICES 2021

UTTARAKHAND LOWER JUDICIAL SERVICES 2019

THE HIMACHAL PRADESH EXCISE ACT, 2011 (PAPER 01 Q. NO. 1 TO 16)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 09 Q. NO. 321 TO 360)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 05 Q. NO. 141 TO 175)

AIBE-XII-2018-I (BCI-JUN-2018-SET-A) (ALL INDIA BAR EXAM 2018-I)

MADHYA PRADESH LOWER JUDICIAL SERVICES 2018(2)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 07 Q. NO. 241 TO 280)

MAHARASHTRA LOWER JUDICIAL SERVICES 2022

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 05 Q. NO. 161 TO 200)

CLAT 2020

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 03 Q. NO. 81 TO 120)

AILET – National Law University Delhi Entrance Test (NLU 2023)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 07 Q. NO. 241 TO 280)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2012

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 15 Q. NO. 561 TO 600)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 05 Q.NO. 161 TO 200)

MADHYA PARDESH LOWER JUDICIAL SERVICES 2001

AIBE-XIII-2018-II (BCI-DEC-2018-SET-A) (ALL INDIA BAR EXAM 2018-II)

THE HINDU SUCCESSION ACT, 1956 (PAPER 02 Q. NO. 36 TO 65)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 10 Q. NO. 361 TO 400)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 15 Q. NO. 491 TO 525)