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ART. LXXIIIA] PARTNERSHIP. 535
(3) Any estate in real property may be acquired in the partnership
name. Title so acquired can be conveyed only in the partnership name.
(4) A conveyance to a partnership in the partnership name, though
without words of inheritance, passes the entire estate of the grantor
unless a contrary intent appears.
PART III.
Relations of Partners to Persons Dealing with the Partnership.
1916, ch. 175, sec. 9.
9. (PARTNER AGENT OF PARTNERSHIP AS TO PARTNERSHIP BUSI-
NESS.) (1) Every partner is an agent of the partnership for the pur-
pose of its business, and the act of every partner, including the execu-
tion in the partnership name of any instrument, for apparently carry-
ing on in the usual way the business of the partnership of which he is
a member binds the partnership, unless the partner so acting has in
fact no authority to act for the partnership in the particular matter,
and the person with whom he is dealing has knowledge of the fact that
he has no such authority.
(2) An act of a partner which is not apparently for the carrying on
of the business of the partnership in the usual way does not bind the
partnership unless authorized by the other partners.
(3) Unless authorized by the other partners or unless they have
abandoned the business, one or more but less than all the partners have
no authority to:
(a) Assign the partnership property in trust for creditors or on the
assignee's promise to pay the debts of the partnership,
(b) Dispose of the good-will of the business,
(c) Do any other act which would make it impossible to carry on the
ordinary business of the partnership,
(d) Confess a judgment,
(e) Submit a partnership claim or liability to arbitration or refer-
ence.
(4) No act of a partner in contravention of a restriction on his
authority shall bind the partnership to persons having knowledge of
the restriction.
1916, ch. 175, sec. 10.
10. (CONVEYANCE OF REAL PROPERTY OF THE PARTNERSHIP.) (1)
Where title to real property is in the partnership name, any partner
may convey title to such property by a conveyance executed in the
partnership name; but the partnership may recover such property
unless the partner's act binds the partnership under the provisions of
paragraph (1) of section 9, or unless such property has been conveyed
by the grantee or a person claiming through such grantee to a holder
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