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Civil Code, Art. 1788

Obligations of the Partners · Formerly Art. 1682 of the old Civil Code

Statute
Civil Code
Article
Art. 1788
Topic
Obligations of the Partners
Status
In force
Book
BOOK IV Obligations and Contracts
Title
TITLE IX PARTNERSHIP
Chapter
CHAPTER 2 Obligations of the Partners
Formerly
Art. 1682 of the old Civil Code
Year
1949
Cited by
1 Supreme Court decision in the Intellegal corpus

The provision

A partner who has undertaken to contribute a sum of money and fails to do so becomes a debtor for the interest and damages from the time he should have complied with his obligation. The same rule applies to any amount he may have taken from the partnership coffers, and his liability shall begin from the time he converted the amount to his own use. (1682)

Cases applying this article

Civil Code, Art. 1788 is found in CHAPTER 2 Obligations of the Partners of TITLE IX PARTNERSHIP of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.