Question
When a partner exercises his authority in an emergency
and protects the firm from loss then such act _____.Solution
 Partnership Act  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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