Question

EACH PARTNER CARRYING ON THE BUSINESS IS THE PRINCIPAL AS WELL AS THE AGENT FOR ALL THE OTHER PARTNERS.

Answer 1

Answer:

There must be a mutual agency between the partners:

In other words, in a partnership ,a person must not act for himself alone,but for other partners also,Thus,each partner is a representative of all other partners. And he acts in both capacities i.e., as an agent as well as principal.

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