restriction on partner authority
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 63 U.S. 256 - Kimbro v. Bullitt · 1859Most cited · 31 citing opinions
Any restriction which, by agreement among the partners, is attempted to be imposed upon the authority which one partner possesses, as a general agent for the other, is operative only between the partners themselves, and does not limit the authority as to third persons, who acquire rights by its exercise, unless they know that such restrictions have been made