Question

Implied authority means the capacity of a partner to bind ________.

• A. third party by his acts
• B. firm by his acts
• C. none of these
• D. both A and B

Answer 1

The correct option is B firm by his acts

Implied authority means the capacity of a partner to bind firm by his acts. Implied authority means there no written authority but deemed/implied authority that the firm and the other partners are bind by the acts of the partners.