wiz-icon
MyQuestionIcon
MyQuestionIcon
14
You visited us 14 times! Enjoying our articles? Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
Benefits of Debentures
A partner has...
Question

A partner has an implied authority to

A
Acquire immovable property on behalf of the firm
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Enter into a partnership on behalf of the firm
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Borrow money on behalf of the firm
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Relinquish any claim by the firm
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Borrow money on behalf of the firm
Option C is the correct answer.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
What is a Debenture?
ACCOUNTANCY
Watch in App
explore_more_icon
Explore more
Benefits of Debentures
Standard XII Accountancy
Join BYJU'S Learning Program
book_image
AI Tutor
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon