Partner's implied authority
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 37 U.S. 221 - Rogers Sons v. James Batchelor · 1838Most cited · 44 citing opinions
limited to partnership business
The implied authority of each partner to dispose of the partnership funds strictly and rightfully extends only to the business and transactions of the partnership itself; and any disposition of those funds, by any partner, beyond such purposes, is an excess of his authority as partner, and a misappropriation of those funds, for which the partner is responsible to the partnership; though in the case of bona fide purchasers, without notice, for a valuable consideration, the partnership may be bound by such acts.
How often courts cite the case defining “Partner's implied authority”
Court decisions citing the opinion that defined “Partner's implied authority” — 44 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.