LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Possession cert

(Querist) 02 May 2022 This query is : Resolved 
Sir, Here developer is a partnership firm having six active partners. The firm entered into an agreement with the landowner to develop flats and sell them as per settled terms . After completion, the developer issued an possession certificate to the land owner having signed by two partners only. Is it valid in the eye of law:
kavksatyanarayana (Expert) 02 May 2022
If the two partners are the Managing Partners and have the authorization to do all acts/deeds in the name of the Firm (if it is mentioned in the Partnership deed), then it is valid. Otherwise, it is invalid.
Dr J C Vashista (Expert) 04 May 2022
What is the status the "two" partners signed the possession letter ?


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :