Question

Which of the following is covered under implied authority of a partner?

• A. Submit dispute of the firm to arbitration.
• B. To acquire immovable property on behalf of firm.
• C. Borrowing money and pledging goods of the firm as a security for the same.
• D. Enter into partnership on behalf of firm.

Answer 1

Answer: (C)

Borrowing money and pledging goods of the firm as a security for the same.

Option C is the correct answer.