Q: What are the mode and types of partner's authority ?

Ans: Mode of doing an act to bind firm:

In order to bind a firm, an act done or instrument executed by a partner or other person on behalf of firm shall be:

1. Done or executed in the firm name, or
2. In the manner implying an intention to bind the firm.

Types of Partner's Authority:

1. Actual ;
2. Implied

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