Multiple choice

Which of the following is an implied authority of a partner under the Indian Partnership Act?

  1. A partner can withdraw a suit or proceeding filed on behalf of a firm.

  2. A partner can enter into partnership on behalf of a firm.

  3. A partner can open a bank account on behalf of a firm in his own name.

  4. A partner can transfer immovable property belonging to the firm.

  5. None of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

All the four acts of a partner require an expressed authority under partnership firm.

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