6Partners bound by acts on behalf of firm

6 Partners bound by acts on behalf of firm

6 Partners bound by acts on behalf of firm

(1) An act or instrument relating to the business of a firm other than an incorporated limited partnership, and done or executed in the firm-name, or in any other manner, showing an intention to bind the firm by any person thereto authorised, whether a partner or not, is binding on the firm and all the partners.

(2) An act or instrument relating to the business of a firm that is an incorporated limited partnership, and done or executed in the firm-name, or in any other manner, showing an intention to bind the firm by any person authorised to bind the firm, whether a general partner or not, is (subject to section 9 (3)) binding on the firm and all the general partners.

(3) This section does not affect any general rule of law relating to the execution of deeds or negotiable instruments.

s 6: Am 2004 No 8, Sch 1 [10]–[12]