Each partner is the principal as well as agent.exlain with example and please clarify my doubt .

Ayushi · 14 Jul 2024

In simple, Every partner is an individual in his own , means he can act in the behalf of the partnership but all those acts performed by the partner will bound other partners too .

Nivya · 13 Jul 2024

Example :Any partner can take decision on the basis of all partners and other partners have to follow that

Nikki · 13 Jul 2024

Example??

Snehal · 13 Jul 2024

each partner can act on behalf of the partnership so he act as an agent and can also be bound by the actions of other partners here he act as a principal.