mercantile law
This query is : Resolved
31 October 2010
Implied authority of partner iz
a:to open a bank account on behalf of firm in his own name
b: to send goods to trade creditors
c: all of the above
d: none of the above
n plz xplain the concept of implied authority even...
a:to open a bank account on behalf of firm in his own name
b: to send goods to trade creditors
c: all of the above
d: none of the above
n plz xplain the concept of implied authority even...
02 November 2010
A partner have some authority, for some activity need not take permission from partner.
It is implied(express or state indirectly ) that if a customer order some goods he need send it.
so answer is b: to send goods to trade creditors
It is implied(express or state indirectly ) that if a customer order some goods he need send it.
so answer is b: to send goods to trade creditors
03 November 2010
thank you sir..
04 November 2010
In a partnership, partners have some implied authority which they can perform on their own, without asking permission of any other partner. It is implied by statute which may or may not be expressed in words.
05 November 2010
Thank you nikhil sir..
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