The risk of specific and determinate things, which are not fungible, contributed to the partnership so that only their use and fruits may be for the common benefit, shall be borne by the partner who owns them. If the things contributed are fungible, or cannot be kept without deterioting, or if they were contributed toContinue reading “Article 1795”
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Article 1794
Every partners is responsible to the partnership for damages suffered by its through his fault, and he cannot compensate them with the profits and benefits which he may have earned for the partnership by his industry. However, the courts may equitably lessen this responsibility if through the partner’s extraordinary efforts in other activities of theContinue reading “Article 1794”
Article 1793
A partner who has received, in whole or in apart, his share of a partnership credit, when the other partners have not collected theirs, shall be obliged, if the debtor should thereafter become insolvent, to bring to the partnership capital what he received even though he may have given receipt for his share only. (1685a)Continue reading “Article 1793”
Article 1792
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 forContinue reading “Article 1792”
Article 1791
If there is no agreement to the contrary, in case of an imminent loss of the business of the partnership, any partner who refuses to contribute an additional share to the capital, except an industrial partner, to save the venture, shall be obliged to sell his interest to the other partners. Obligation of capitalists partnerContinue reading “Article 1791”
Article 1790
Unless there is a stipulation to the contrary, the partners shall contribute equal shares to the capital of the partnership. Extent of contribution to partnership capital. The partners can stipulate the contribution of unequal shares to the common fund, but in the absence of such stipulation, the presumption is that their contribution shall be inContinue reading “Article 1790”
Article 1789
An industrial partner cannot engage in business for himself, unless the partnership expressly permits him to do so; and if he should do so, the capitalist partners may either exclude him from the firm or avail themselves of the benefits which he may have obtained in violation of this provision, with a right to damagesContinue reading “Article 1789”
My First Blog Post
Be yourself; Everyone else is already taken. — Oscar Wilde. This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
Introduce Yourself (Example Post)
This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right. You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click theContinue reading “Introduce Yourself (Example Post)”