Explanation:

Even if a partner has acted without the authority of other partners, they can ratify the act subequently, and in such a case the act will be binding on them. . Such ratification. may be made expressly or impliedly. /Section 20, Partnership Act,! In the absence of any usage or custom of trade, the following restrictions are applicable on implied authority of a partner and such acts cannot be ratified byothers.

i) submit a dispute relating to the bsiness of the firm to arbitration

(ii)open a banking account on behalf of the firm in his own name.

(iii)compromise or relinquish any claim or portion of a claim by the firm

(iv)withdraw a suit or proceeding filed on behalf of the firm

(v). admit any liability in a suit or proceeding against the firm

(vi)acquire immovable property on behalf of the firm

(vii). transfer immovable property belonging to the firm

(ix) enter in to partnership On behalf of the firm.