Q: Write about the introduction of authority of partner in partnership firm?

Ans: Introduction: In accordance with Steve Jobs, the great things in a business are never done by one person and they are done by a team of people. Thus, there will be minimum two persons to make a partnership where there are known as partners individually and collectively they make partnership firm.

To run the partnership firm effectively,  the authorities are given to partners. Authority and Power are two different things and authority requires power and rights to accomplish the task. 
Since the partnership can not be created by status and it is created by contractual agreement,  thus the rights, liabilities and powers decide the authority of partner in partnership firm.

Section 18 to section 22 of partnership act,  1932 mentions about the authority of partner in partnership firm.

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