242. Members as agents.

242.     Members as agents.

Every member of a limited liability partnership ('LLP')1 is the agent of the limited liability partnership2. However, a limited liability partnership is not bound by anything done by a member in dealing with a person if the member in fact has no authority to act for the limited liability partnership by doing that thing, and the person knows that he has no authority or does not know or believe him to be a member of the limited liability partnership3. Where a person has ceased to be a member of a limited liability partnership4,