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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

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THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 04 Q. NO. 121 TO 160)

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