The authority of a 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 a 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 account 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) of Partnership Act.
Sample Mock Tests for Practice
THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 13 Q. NO. 481 TO 520)