As per the Indian Partnership Act, 1932, for the business of the firm, a partner is
Section 18 makes a partner an agent of the firm for the purposes of the firm’s business. This is the statutory mutual-agency role; it does not make the partner merely an…
Choose your answer
As per the Indian Partnership Act, 1932, for the business of the firm, a partner is
Answer and explanation
Correct answer C
Section 18 makes a partner an agent of the firm for the purposes of the firm’s business. This is the statutory mutual-agency role; it does not make the partner merely an employee or trustee, or the sole owner of the firm. The scope of binding acts is governed by the Act’s authority rules.
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