Question

The authority of a partner to bind the firm conferred by Section 19 of the Act is called: 

A his express authority Correct Answer Incorrect Answer
B his implied authority Correct Answer Incorrect Answer
C representative of the firm Correct Answer Incorrect Answer
D statutory authority Correct Answer Incorrect Answer

Solution

  Partnership Act: Section 19.   Implied authority of partner as agent of the firm: (1) Subject to the provisions of section 22, the act of a partner which is done to carry on, in the usual way, business of the kind carried on by the firm, binds the firm. The authority of a partner to bind the firm conferred by this section is called his implied authority.

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