Question

According to Indian Partnership Act, 1932 In the absence of any usage or custom of trade to the contrary, which of the following actions is within the implied authority of a partner?

A Submitting a dispute relating to the business of the firm to arbitration.
B Compromising or relinquishing any claim or portion of a claim by the firm.
C Withdrawing a suit or proceeding filed on behalf of the firm.
D Admitting any liability in a suit or proceeding against the firm.
E Act which is done to carry on business of the kind carried on by the firm.
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