Q268
In case of a mercantile firm, a partner has an implied authority to borrow, that implied authority to borrow
A.
Includes the authority to acknowledge liability of the firm
AnswerB.
Includes the authority to admit any liability in a suit or proceeding against the firm
C.
Both (A) and (B)
D.
Neither (A) nor (B)
Answer: Option A
Solution
Answer: Option A
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