Ostensible authority - authority of partners, Business Law and Ethics

Ostensible Authority - Authority of Partners

A difference is something drawn among the genuine and ostensible authority about a partner. Whether it is actual or express authority is such conferred on a partner through the terms about a partnership agreement. Because ostensible or apparent such authority is which a partner is vested through virtue of his status like a partner. Although apart from any express authority so then the law assumes such a partner has an ostensible authority for carry out all acts necessary to transacting the business about the firm in the general manner employed through businesses about the same nature like that of his specific firm there.

Posted Date: 1/30/2013 7:29:26 AM | Location : United States

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