PPT - Relation of Partners (Part - 2) CA Foundation Notes | EduRev

Business Laws for CA Foundation

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CA Foundation : PPT - Relation of Partners (Part - 2) CA Foundation Notes | EduRev

 Page 1


Questions on Implied Authority 
Questions 
Page 2


Questions on Implied Authority 
Questions 
Question No.1 
Which of this falls outside the implied authority? 
A] Taking loan by pledging goods of the firm  
B] Accepting Bills of Exchange on behalf of the firm. 
C] Submit disputes for arbitration 
D] Settle accounts with customers. 
Ans C 
Page 3


Questions on Implied Authority 
Questions 
Question No.1 
Which of this falls outside the implied authority? 
A] Taking loan by pledging goods of the firm  
B] Accepting Bills of Exchange on behalf of the firm. 
C] Submit disputes for arbitration 
D] Settle accounts with customers. 
Ans C 
Question No.2 
Which of this acts are within the implied authority? 
A] Enter into partnership on behalf of the firm. 
B] Admit any liability in a suit against the firm. 
C] Withdraw a suit filed on behalf of the firm. 
D] To issue cheques on behalf of the firm. 
Ans D 
Page 4


Questions on Implied Authority 
Questions 
Question No.1 
Which of this falls outside the implied authority? 
A] Taking loan by pledging goods of the firm  
B] Accepting Bills of Exchange on behalf of the firm. 
C] Submit disputes for arbitration 
D] Settle accounts with customers. 
Ans C 
Question No.2 
Which of this acts are within the implied authority? 
A] Enter into partnership on behalf of the firm. 
B] Admit any liability in a suit against the firm. 
C] Withdraw a suit filed on behalf of the firm. 
D] To issue cheques on behalf of the firm. 
Ans D 
Question No.3 
The implied authority of any partner is subject to ? 
A] Usage or customs of the trade. 
B] Specific authority of the partners. 
C] Both (a) and (b). 
D] Either (a) and (b). 
Ans C 
Page 5


Questions on Implied Authority 
Questions 
Question No.1 
Which of this falls outside the implied authority? 
A] Taking loan by pledging goods of the firm  
B] Accepting Bills of Exchange on behalf of the firm. 
C] Submit disputes for arbitration 
D] Settle accounts with customers. 
Ans C 
Question No.2 
Which of this acts are within the implied authority? 
A] Enter into partnership on behalf of the firm. 
B] Admit any liability in a suit against the firm. 
C] Withdraw a suit filed on behalf of the firm. 
D] To issue cheques on behalf of the firm. 
Ans D 
Question No.3 
The implied authority of any partner is subject to ? 
A] Usage or customs of the trade. 
B] Specific authority of the partners. 
C] Both (a) and (b). 
D] Either (a) and (b). 
Ans C 
Question No.4 
Notice to a partner operates as notice to firm. For such purpose 
notice must be given to: 
A] All the partners jointly 
B] Partner who habitually acts in the business of firm 
C] Any two partner 
D] Only dormant partner 
Ans B 
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