GroundRules
18 GCA § 25306: Partnership Bound by Partner's Breach of Trust.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 4 - Partnership
- Chapter 25: Partnerships in General
- ARTICLE 3: RELATIONS OF PARTNERS TO PERSONS DEALING WITH THE PARTNERSHIP
The partnership is bound to make good the loss:
(a) Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
(b) 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.
Collected 2026-09-27T03:55:08Z. Source file · JSON