Business Studies, asked by sapnavjain1156, 11 months ago

Indicate the causes of implied authority which a partner has no implied authority to bind the firm

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Answered by bhaktaabhranil

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Implied Authority of a Partner. Each partner in a business has the implied authority to act in the name of the company. Such acts are binding on the other partners, so long as they fall within the ordinary course of the company's normal business. ... Accepting, making, or issuing bills on the firm's behalf.

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