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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