Multiple choice

Which of the following is not a statutory restriction on implied authority of partners?

  1. To settle a suit on behalf of firm

  2. To sale the building of firm

  3. To submit a dispute of firm to arbitration

  4. To defend an action against the firm

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A partner can defend a suit against the firm in the Court. All others are statutory restrictions which can be done by the partners collectively.

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