Q356
By implied authority, each partner binds all other partners by his acts in all matters which are within the scope and objects of partnership. In a partnership of general commercial nature, which of the following is not within the implied authority of partners?
A.
That every partner may pledge or sell the partnership property
B.
That any partner may admit any liability in a suit against the firm
AnswerC.
That every partner may borrow money on account of the partnership
D.
That every partner may engage servants for the partnership business
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board