Civil Code Art. 1852: Limited Partnership

Statute: Civil Code
Article: Art. 1852
Topic: Limited Partnership
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 4 Limited Partnership
Year: 1949

The provision

Without prejudice to the provisions of article 1848, a person who has contributed to the capital of a business conducted by a person or partnership erroneously believing that he has become a limited partner in a limited partnership, is not, by reason of his exercise of the rights of a limited partner, a general partner with the person or in the partnership carrying on the business, or bound by the obligations of such person or partnership, provided that on ascertaining the mistake he promptly renounces his interest in the profits of the business, or other compensation by way of income.

Cases applying this article

La Yebana v. Julio L. Valenzuela G.R. No. 45413

Related provisions in this Chapter

Civil Code, Art. 1851 Limited Partnership
Civil Code, Art. 1847 Limited Partnership
Civil Code, Art. 1857 Limited Partnership
Civil Code, Art. 1843 Limited Partnership
Civil Code, Art. 1863 Limited Partnership
Civil Code, Art. 1865 Limited Partnership

Civil Code, Art. 1852 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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