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Acts within the implied authority

  • Buying and selling of goods in which the firm deals
  • Receiving payment from the debtor due to the firm and giving valid receipt of the same
  • Engaging a lawyer and defend the suit brought against the firm
  • Engaging the servants to perform the various business activities of the partnership firm
  • Borrowing money and pledging goods of the firm as the security for the pledge
  • Drawing, accepting and endorsing negotiable instrument in the name of the firm
  • Settling accounts with the persons dealing with the firm

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