If a partner authorized to manage collects a demandable sum, which was owed to him in his own name, from a person who owed the partnership another sum also demandable, the sum thus collected shall be applied to the two credits in proposition to their amounts, even though he may have given a receipt for his own credit only; but should he have given it for the account of the partnership credit, the amount shall be fully applied to the latter.
The provisions of this article are understood to be without prejudice to the right granted to the debtor by Article 1252, but only if the personal credit of the partner should be more onerous to him. (1684)
Obligation of managing partner who collects debt.
A person may be separately indebted to the partnership and to the managing partner at the same time. Any sum received by the managing partner shall be applied to the two credits in proportion to their amounts.
The exception is where the managing partner received the sum for the account of the partnership, in which case, the whole sum shall be applied to the partnership credit only.
[ ayon po sa aking pagkakaunawa, kung ang isang kasosyo na awtorisado na pamahalaan ang mangolekta ng isang hinihingi na halaga na may utang sa kanya kanyang sariling pangalan mula sa isang taong nagkautang sa pakikipagtulungan ng isa pang halaga na hinihiling din, ang kabuuan na nakolekta ay dapat italaga sa dalawang kredito bilang panukala sa kanilang mga halaga, kahit na maaaring magbigay siya ng isang resibo para sa kanyang sariling kredito lamang ngunit kung ibinigay niya ito para sa account ng credit sa pakikipagsosyo ang halaga ay dapat na ganap na mailalapat sa huli. ]
Case sample:
Trish and Jay are partners in AB Enterprise with Trish as managing partner. Trish bears 15% interest per year while that in favor of the partnership is 14% interest per year. The credit of Trish is being more , the law allows Kate to prefer the payment of Trish credit in case he so desires.
Jenny's blog 