mercantile law

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shilpi sharma (Querist)
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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...

Suresha R

Suresha R (Expert)
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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

shilpi sharma

shilpi sharma (Querist)
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03 November 2010 thank you sir..

Nikhil Kothari

Nikhil Kothari (Expert)
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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.

shilpi sharma

shilpi sharma (Querist)
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05 November 2010 Thank you nikhil sir..

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