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...
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.
CAclubindia
