Implied authority of partner as agent of the firm
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....tner as agent of the firm. 19. Subject to the provisions of section 22, the act of a partner which is done to carry on, in the usual way, business of the kind carried on by the firm, binds the firm....
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....bsp; open a banking account on behalf of the firm in his own name, (c) compromise or relinquish any claim or portion of a claim by the firm, (d)&n....
TaxTMI