C if there is also no profit sharing stipulated in

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(c) If there is also no profit-sharing stipulated in the contract, then losses shall be borne by the partners in proportion to their capital contributions , but the purely industrial partner shall not be liable for the losses . ART. 1798. If the partners have agreed to intrust to a third person the designation of the share of each one in the profits and losses, such designation may be impugned only when it is manifestly inequitable. In no case may a partner who has begun to execute the decision of the third person, or who has not impugned the same within a period of three months from the time he had knowledge thereof, complain of such decision. The designation of losses and profits cannot be intrusted to one of the partners. (1690) o The designation of the share in the profits and losses may be delegated to a third person by common consent. o The designation by the third person would generally be binding unless manifestly inequitable . o Partner who has begun to execute the decision of the third person or who fails to impugn the same within three months (forestall any paralyzation in the operations of the partnership) from the time he had knowledge of it can no longer complain. o Partner is guilty of estoppel or is deemed to have given his consent or ratification to the designation. ART. 1799. A stipulation which excludes one or more partners from any share in the profits or losses is void. (1691) o Stipulation generally void, but partnership subsists . o The industrial partner is not liable for losses because he cannot withdraw the work or labor already done by him , unlike the capitalist partners who can withdraw their capital. o The limitation does not mean that the partners cannot stipulate for unequal shares in the profits or losses even if their respective contributions are equal , unless the inequality is so gross that it is, in effect, a simulated form or attempt to exclude a partner from any share in the profits or losses. ART. 1800. The partner who has been appointed manager in the articles of partnership may execute all acts of administration despite the opposition of his partners, unless he should act in bad faith; and his power is irrevocable without just or lawful cause. The vote of the partners representing the controlling interest shall be necessary for such revocation of power. A power granted after the partnership has been constituted may be revoked at any time. (1692a) o (1) Appointment as manager in the articles of partnership. execute all acts of administration notwithstanding the opposition of the other partners, unless he should act in bad faith . power is revocable only upon just and lawful cause upon the vote of the partners representing the controlling interest . revocation represents a change in the terms of the contract.
no party to a contract can violate the law of the contract without the consent of the others In case of mismanagemen t, the other partners may avail of the usual remedies allowed by law , including an application for dissolution of the partnership by a judicial decree.

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