Q286
The authority of a partner to bind the firm by his acts done in the usual course of business is called his "implied authority". Such authority does not include:
A.
Selling the firm's goods
B.
To borrow in a trading firm
C.
Settling accounts with the persons dealing with the firm
D.
Withdraw a suit or proceeding filed on the firm's behalf
AnswerAnswer: Option D
Solution
Answer: Option D
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