Implied Authority – NBC Institute

BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

Question

A partner in a trading firm has the following implied authority EXCEPT:
A. Borrowing money on the firm’s credit
B. Pledging the firm’s goods and assets as security
C. Admission of a new partner
D. Drawing, accepting, transferring, or endorsing negotiable instruments in the name of the partnership
E. Instructing a solicitor to recover debts owed to the firm

Answer

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Tags: Implied Authority, Legal Rights, Partnership
Level: Level 1

Topic: Partnership Law
Series: MAY 2014

BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

Question

State FIVE implied authorities of partners under the Law of Partnership.

Answer

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Tags: Business Authority, Implied Authority, Partnership Law
Level: Level 1

Topic: Partnership Law
Series: NOV 2013

BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

Question

The authority which is inferred or observed from the acts of both the principal and agent is referred to as:

A. Unauthorized authority
B. Implied authority
C. Ultimate authority
D. Expressed authority
E. Original authority

Answer

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Tags: Agency Law, Authority, Implied Authority

Topic: Agency Law
Series: NOV 2022

BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Implied Authority, Legal Rights, Partnership
Level: Level 1

Topic: Partnership Law
Series: MAY 2014

BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

Question

State FIVE implied authorities of partners under the Law of Partnership.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Authority, Implied Authority, Partnership Law
Level: Level 1

Topic: Partnership Law
Series: NOV 2013

BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

Question

The authority which is inferred or observed from the acts of both the principal and agent is referred to as:

A. Unauthorized authority
B. Implied authority
C. Ultimate authority
D. Expressed authority
E. Original authority

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Authority, Implied Authority

Topic: Agency Law
Series: NOV 2022

Question Tag: Implied Authority

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BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

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Question Tag: Implied Authority

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BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

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BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

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BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

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BL – May 2014 – L1 – SA – Q15 – Partnership Law

Understanding the implied authority of a partner in a trading firm.

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BL – Nov 2013 – L1 – SB – Q5b – Partnership Law

Stating five implied authorities of partners under the law of partnership.

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BL – Nov 2022 – L1 – SA – Q12 – Agency Law

Identifying the authority inferred from the acts of both the principal and agent.

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