what is meant by the agency of partners?

A partner is the agent to the other partner

2006-09-14 04:46:24 · 1 answers · asked by jimmychris_81 1 in Education & Reference ➔ Higher Education (University +)

1 answers

Every partner is an agent of the other partners (in a firm) and has implied authority to do all acts and things necessary for the purpose of carrying on business of the firm.

2006-09-14 05:15:27 · answer #1 · answered by Lee 7 · 0⤊ 0⤋

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