Civil Code Art. 1823: Obligations of the

Statute: Civil Code
Article: Art. 1823
Topic: Obligations of the Partners
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 2 Obligations of the Partners
Year: 1949

The provision

The partnership is bound to make good the loss: (1) Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and (2) Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership. (n)

Cases applying this article

Tuason v. Antonio Machuca G.R. No. 22177

Related provisions in this Chapter

Civil Code, Art. 1822 Obligations of the Partners
Civil Code, Art. 1827 Obligations of the Partners
Civil Code, Art. 1818 Obligations of the Partners
Civil Code, Art. 1817 Obligations of the Partners
Civil Code, Art. 1816 Obligations of the Partners

Civil Code, Art. 1823 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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