43. Guarantees.

A partner in a trading firm does not have implied authority to give guarantees where such acts are not incidental to the scope of the partnership business1. A guarantee signed by one partner in the firm name does not bind the other partners unless it is in the regular line of business of the firm, or unless he has their express authority to give the guarantee2. However, in the absence of express authority, it may be sufficient that the partners were subsequently informed of the guarantee