Question

Under Section 19 of the Indian Partnership Act, 1932, what is the extent of a partner's authority to bind the firm?

A Every partner possesses absolute and unlimited authority to bind the firm in all personal and professional legal matters.
B Each partner acts as an agent and can bind the firm for acts done in the usual course of partnership business within their actual or apparent authority.
C A partner can only bind the firm if they obtain the prior written consent of every other partner for each specific transaction.
D Partners are considered principals only and have no statutory authority to bind the firm or other partners through their actions.
E The power to bind the firm is restricted exclusively to a designated "Senior Partner" or "Managing Partner" as registered with the Registrar of Firms.
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