Implied authority of partners

- Partners have implied authority to bind the firm for acts done in the usual course of business. However, this authority does not extend to certain acts like submitting disputes to arbitration or acquiring immovable property without express consent. - The doctrine of holding out makes a person liable as a partner if they represent themselves as a partner or knowingly allow others to represent them as such, and a third party gives credit to the firm based on this representation. - A minor can be admitted to the benefits of a partnership with the consent of all partners but is not personally liable for acts of the firm. They have rights to profits and inspection of accounts.