The ‘Rule of Mutual Agency’ is declared under which Section of the Partnership Act ?
Section 18 of the Indian Partnership Act, 1932 makes a partner an agent of the firm for its business. This agency relationship underlies the principle of mutual agency among…
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The ‘Rule of Mutual Agency’ is declared under which Section of the Partnership Act ?
Answer and explanation
Correct answer A
Section 18 of the Indian Partnership Act, 1932 makes a partner an agent of the firm for its business. This agency relationship underlies the principle of mutual agency among partners.
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