Question: Which of this falls outside the implied authority? (i) pledging of the goods of the firm for loans. (ii) Drawing, accepting and endorsing the negotiable

Which of this falls outside the implied authority?

(i) pledging of the goods of the firm for loans.

(ii) Drawing, accepting and endorsing the negotiable instruments on behalf of the firm.

(iii) Acquire immovable property on behalf of the firm.

(iv) Engage the lawyer to defend suit against the firm.

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