Implied authority means the capacity of a partner to bind ________.
A
third party by his acts
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B
firm by his acts
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C
none of these
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D
both A and B
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Solution
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.