71.3 Drafting issues — decisions which may be made by an individual partnerAt the other end of the scale from requiring unanimity, it may well be convenient for individual partners to have the authority to carry out day-to-day transactions in the usual course of the partnership business without the need to consult fellow partners. Thus, it is common to find individual partners having the authority to:71.3.1 draw, accept or sign a partnership cheque or promissory note;71.3.2 incur a partnership debt;71.3.3 use any partnership money or property; and71.3.4 buy or order goods, property or services
At the other end of the scale from requiring unanimity, it may well be convenient for individual partners to have the authority to carry out day-to-day transactions in the usual course of the partnership business without the need to consult fellow partners. Thus, it is common to find individual partners having the authority to:
draw, accept or sign a partnership cheque or promissory note;
incur a partnership debt;
use any partnership money or property; and
buy or order goods, property or services
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