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Give the meaning of 'Implied Authority' as characteristics of a partnership form of business organisation. - Entrepreneurship

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प्रश्न

Give the meaning of 'Implied Authority' as characteristics of a partnership form of business organisation.

एका वाक्यात उत्तर

उत्तर

The ability of any partner to act on behalf of the firm is implicit. The actions of partners bind the firm.

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2022-2023 (March) Set 4

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