Question:medium

‘The business of a partnership firm may be carried on by all the partners or any of them acting for all.’
The above statement highlights which of the following feature of partnership?

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Mutual agency means each partner can bind the firm and the other partners by his acts.
Updated On: Feb 9, 2026
  • Agreement
  • Business
  • Sharing of profit
  • Mutual agency
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The Correct Option is D

Solution and Explanation

The phrase "acting for all" signifies mutual agency, where each partner acts as an agent for the firm and their fellow partners. This is fundamental to partnerships.Final Answer: Mutual agency
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