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The Partnership Act, 1932

( ACT NO. IX OF 1932 )

Chapter IV

RELATIONS OF PARTNERS TO THIRD PARTIES

Partner's authority in an emergency
21. A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.

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