Home › CA Foundation › businesslaw › Partnership › Under Section 20, a restriction on a partner's i…
Under Section 20, a restriction on a partner's implied authority binds a third party only if:
AIt is published in a newspaper
BThe third party knows of the restriction
CThe restriction is registered
DThe firm is a trading firm
Answer & Solution
Correct answer: B. The third party knows of the restriction
A restriction on implied authority is effective against a third party only where he has notice of it (or does not know he is dealing with a partner).
Related questions
A car uses 4 litres of petrol for 60 km. Its mileage in km per litre is:A man covers a distance in 6 hours at 40 km per hour. To cover it in 4 hours he must traveA man travels equal distances at 40 km per hour and at 60 km per hour. His average speed iA train 200 m long crosses a 100 m platform at 36 km per hour. It takes:A train 150 m long runs at 54 km per hour. The time it takes to pass a pole is:A car covers 300 km at 50 km per hour. At 75 km per hour the same trip would take:Zaheeda doubles her speed on the same route. The time she takes:A journey takes 120 km at a steady 60 km per hour. The time taken is: