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What is meant by ‘mutual agency’ in the case of partnership?

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प्रश्न

What is meant by ‘mutual agency’ in the case of partnership?

लघु उत्तर
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उत्तर

Mutual agency in a partnership means that each partner acts as both an agent and a principal. Each partner has the authority to bind the firm and other partners through their actions, and all partners are bound by the actions of any partner acting within the scope of the partnership business.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Accounting for Partnership Firms - Fundamentals - VERY SHORT ANSWER QUESTIONS (1 Mark) [पृष्ठ १.१२८]

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डी. के. गोएल Accountancy Part 1 and 2 [English] Class 12 ISC
पाठ 1 Accounting for Partnership Firms - Fundamentals
VERY SHORT ANSWER QUESTIONS (1 Mark) | Q 2. | पृष्ठ १.१२८
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