58. Ratification, repudiation and acquiescence in unauthorised acts by co-partners.

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 the others3; nor is notice to a clerk employed by a partnership of unauthorised transactions by a

Popular documents