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Right of a partner to open a bank account in his own name on behalf of the firm is covered by:
  • a)
    Partnership deed 
  • b)
    Implied Authority 
  • c)
    Indian contract Act, 1872
  • d)
    None of the above 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Right of a partner to open a bank account in his own name on behalf of...
Because to open a bank account on partner's name, become a right of partner if it is mentioned in partnership deed with the consent of all partners at the time of writing deed.
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Right of a partner to open a bank account in his own name on behalf of the firm is covered by:a)Partnership deedb)Implied Authorityc)Indian contract Act, 1872d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Right of a partner to open a bank account in his own name on behalf of the firm is covered by:a)Partnership deedb)Implied Authorityc)Indian contract Act, 1872d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Right of a partner to open a bank account in his own name on behalf of the firm is covered by:a)Partnership deedb)Implied Authorityc)Indian contract Act, 1872d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Right of a partner to open a bank account in his own name on behalf of the firm is covered by:a)Partnership deedb)Implied Authorityc)Indian contract Act, 1872d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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