Multiple choice

Which of the following is not the implied authority of a partner?

  1. To employ servant for the firm.

  2. To open a bank account in name of firm.

  3. To pledge goods for borrowing money for firm.

  4. To settle accounts of the persons dealing with firm.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A partner cannot open the bank account for firm under his implied authority.

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