Statute
Philippine Civil Code
Article
Art. 1798
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. 1690 of the old Civil Code
Year
1949
Cited by
Multiple Supreme Court decisions

The provision

If the partners have agreed to intrust to a third person the designation of the share of each one in the profits and losses, such designation may be impugned only when it is manifestly inequitable. In no case may a partner who has begun to execute the decision of the third person, or who has not impugned the same within a period of three months from the time he had knowledge thereof, complain of such decision. The designation of losses and profits cannot be intrusted to one of the partners. (1690)

Cases applying this article

Related provisions in this Chapter

Civil Code, Art. 1798 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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