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 In case of emergency a partner of the firm can act as.
  • a)
    An agent of the firm
  • b)
    A master of the firm
  • c)
    An employee of the firm
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In case of emergency a partner of the firm can act as.a)An agent of th...
As per the section (21) of Indian Contract Act 1932 = act in emergency done by partner beyond his authority will be bind firm provided he acted in emergency
Test of emergency (a) there has arise commercial necessity that compelled to act prompty
(b) he adopt most reasonable and practiciable course of action in the circumstances
(c) he acted in good faith against loss
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In case of emergency a partner of the firm can act as.a)An agent of the firmb)A master of the firmc)An employee of the firmd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
In case of emergency a partner of the firm can act as.a)An agent of the firmb)A master of the firmc)An employee of the firmd)All of the aboveCorrect answer is option 'D'. 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 In case of emergency a partner of the firm can act as.a)An agent of the firmb)A master of the firmc)An employee of the firmd)All of the aboveCorrect answer is option 'D'. 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 In case of emergency a partner of the firm can act as.a)An agent of the firmb)A master of the firmc)An employee of the firmd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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