Question

What is implied agency in partnership ?

Answer 1

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. Such acts of implied authority may include: Buying or selling goods on behalf of the company.




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Answer 2

Answer:

Implied agency in partnership means each partner's acts are binding on other partners of the firm i.e. a partner can act as a principal as well as an agent in his firm.

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