Civil Code Art. 1847: Limited Partnership

Statute: Civil Code
Article: Art. 1847
Topic: Limited Partnership
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 4 Limited Partnership
Year: 1949

The provision

If the certificate contains a false statement, one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false: (1) At the time he signed the certificate, or (2) Subsequently, but within a sufficient time before the statement was relied upon to enable him to cancel or amend the certificate, or to file a petition for its cancellation or amendment as provided in article 1865.

Cases applying this article

J. v. House Vs. Sixto de La Costa G.R. No. 46534

Related provisions in this Chapter

Civil Code, Art. 1843 Limited Partnership
Civil Code, Art. 1851 Limited Partnership
Civil Code, Art. 1852 Limited Partnership
Civil Code, Art. 1857 Limited Partnership
Civil Code, Art. 1863 Limited Partnership
Civil Code, Art. 1865 Limited Partnership

Civil Code, Art. 1847 is found in CHAPTER 4 Limited Partnership 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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