Act of a firm defined as partner or agent acts creating enforceable rights, clarifying business and third-party terms. The Act defines an act of a firm as any act or omission by all partners, any partner, or an agent that creates rights enforceable by or against the firm; 'business' includes trade, occupation and profession; 'prescribed' means rules under the Act; 'third party' is any person not a partner; and terms undefined in the Act adopt meanings from the Indian Contract Act, 1872.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Act of a firm defined as partner or agent acts creating enforceable rights, clarifying business and third-party terms.
The Act defines an act of a firm as any act or omission by all partners, any partner, or an agent that creates rights enforceable by or against the firm; "business" includes trade, occupation and profession; "prescribed" means rules under the Act; "third party" is any person not a partner; and terms undefined in the Act adopt meanings from the Indian Contract Act, 1872.
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