Relations of partners to third partners:
Every partner is the agent of the firm for the purpose of the business of the firm. He can act on behalf of the firm and bind the firm provided he does the carrying act on the usual way, business of the kind carried on by the firm.
Implied authority of a partner:
The authority of a partner means the capacity of a part Near to bind firm by his act.this authority may be express or implied. Where the authority to a partner to act is expressly conferred by an agreement,it is called express authority.
Acts within the implied authority of a partner:
In a trading firm, a firm which depends for its existence on the buying and selling of goods the implied authority of apartner has been held to include.
Every partner is the agent of the firm for the purpose of the business of the firm. He can act on behalf of the firm and bind the firm provided he does the carrying act on the usual way, business of the kind carried on by the firm.
Implied authority of a partner:
The authority of a partner means the capacity of a part Near to bind firm by his act.this authority may be express or implied. Where the authority to a partner to act is expressly conferred by an agreement,it is called express authority.
Acts within the implied authority of a partner:
In a trading firm, a firm which depends for its existence on the buying and selling of goods the implied authority of apartner has been held to include.
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