Multiple choice

A partner can build the firm by his acts provided (i) he acts are within the scope of his authority, (ii) the acts done in the firm's name and (iii) they are done for the purposes

  1. True

  2. False

  3. Partly true

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

A partner can bind the firm when acting within their authority, in the firm's name, and for the firm's purposes. This is a fundamental principle of partnership law - partners act as agents of the firm and each other.

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