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Sir I m confused in the following extract, does they both have same meaning? Can you please explain
“The firm is not bound by the implied authority of a partner if:
• the third party knows the partner has no express authority, or
• the partner has no express authority and the third party does not know
or believe him to be a partner.””Implied authority of partner can only be withdrawn if an express clause is stated along with third party notification for restriction on implied authority.”
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