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Section 21 – The Partnership Act, 1932

The Partnership Act, 1932

 

21. PARTNER’S AUTHORITY IN AN EMERGENCY.

 

A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.

 

 

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The Partnership Act, 1932

 

Indian Laws – Bare Acts

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