New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Partner's authority in an emergency is covered under

    which section of Indian Partnership Act?
    A S. 21. Correct Answer Incorrect Answer
    B 22. Correct Answer Incorrect Answer
    C 25 Correct Answer Incorrect Answer
    D 18 Correct Answer Incorrect Answer

    Solution

    S. 21 PARTNER'S AUTHORITY IN AN EMERGENCY. A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.

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