Section 21 Indian Partnership Act 1932

Section 21 Indian Partnership Act

Section 21 of the Indian Partnership Act 1932 is about Partner’s authority in an emergency. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act.

Partner’s authority in an emergency

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.