Implied authority of partner as agent of the firm under section 19 of the Partnership Act does not…
Under s.19(2), in the absence of usage or custom, a partner's implied authority does not empower him to "compromise or relinquish any claim by the firm.", to "withdraw a…
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Implied authority of partner as agent of the firm under section 19 of the Partnership Act does not empower him to
Answer and explanation
Correct answer D
Under s.19(2), in the absence of usage or custom, a partner's implied authority does not empower him to "compromise or relinquish any claim by the firm.", to "withdraw a suit filed on behalf of the firm.", or to "admit any liability in a suit against the firm.", so "All of the given options are correct".
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