Partners do not have an implied authority to:

Question

Quizplus · Accepted Answer

Partners have implied authority to perform acts that are within the ordinary course of business of the partnership, such as hiring employees, borrowing money, and selling trading stock. However, giving a guarantee on behalf of the partnership is considered an act that requires the consent of all partners, as it can potentially impose significant liability on the partnership beyond ordinary business activities.

Partners Do Not Have an Implied Authority To