The authority of a partner to bind the firm for his acts as contained in section 19 of the Partnership Act is known as:

Related MCQs

• Identify the incorrect statements: (1) When a firm is constituted for a fixed duration it cannot be dissolved before the expiry of that duration. (2) A partnership at will can be dissolved by the wish of even a single partner. (3) When a partner of a firm becomes lunatic, the firm dissolves automatically. (4) Even after dissolution, partners of a firm continue to be liable for acts of the firm until the affairs of the firm are finally wound up. Code:
• After a firm is dissolved, every partner or his representative may restrain any other partner or his representative from carrying on similar business in the firm's name or by using firm's property for own benefit, until:
• A partner has an implied authority to bind a firm by his act if he:
• On attaining majority when the minor partner elects not to become a partner, his share is not liable for any acts of the firm done —
• A partner can bind a firm by his act if he:
• X, Y and Z are partners in a firm. X, without the authority of Y and Z buys certain shares in his name out of partnership money. Will 'shares' constitute partnership property?
• The partners authority to act for the firm and to bind their co-partners continues even after the dissolution of the firm:
• As per section 18, a partner in a partnership firm functions:
• According to section 31 of the Act, subject to the contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a firm:
• Under section 4 of the Indian Partnership Act, 1932, partnership is a: