Site navigation

Which of the following is an implied authority of a partner?

Under s.19 a partner has implied authority "To purchase on account of the firm any goods of a kind usually employed in the business of the firm"; submitting disputes to…

Choose your answer

Which of the following is an implied authority of a partner?

Select one answer
Answer and explanation

Correct answer C

Under s.19 a partner has implied authority "To purchase on account of the firm any goods of a kind usually employed in the business of the firm"; submitting disputes to arbitration, withdrawing suits and acquiring immovable property are excluded by s.19(2), so "To submit a dispute relating to the business of a firm to arbitration", "To withdraw a suit on behalf of the firm" and "To acquire immovable property on behalf of the firm" are not within implied authority.

Practice for these exams

Related exam syllabi

Related questions in this topic