Transactions which would prima facie be within the implied authority of a partner do not bind his firm if he has, in fact, to the knowledge of the person dealing with him, no authority to carry out these transactions1.
When a partner exceeds his authority, the other partners may, however, adopt the transaction, and are then bound by it2; and they may be bound if they have notice of the transaction and raise no objection. Notice to that partner is not notice to
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