Multiple choice

Pledging movable property of the firm is an implied authority of a partner.

  1. True

  2. False

  3. Partly true

  4. Cannot say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under Section 19 of the Partnership Act, partners have implied authority to pledge movable property of the firm in the ordinary course of business. This is a standard incident of partnership that allows partners to secure loans or credit using firm assets, provided it's done for business purposes.

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