Explanation:

Implied Authority of a Partner is

Each partner in a business has the implied authority to act in the name of the company. Such acts are binding on the other partners, so long as they fall within the ordinary course of the company’s normal business.

Implied authority does not authorize a partner to:     

• Submit a company dispute to arbitration
• Relinquish any claim made by the firm
• Withdraw or proceed in a legal suit
• Admit liability in a legal suit against the firm
• Purchase property on the firm’s behalf
• Enter a new partnership on the firm’s behalf