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Misapplication of money or property received for or in custody of the firm. 11. In the following cases; namely (a)Where one partner acting within the scope of his apparent authority receives the money or property of a third person and misapplies it; and (b)Where a firm in the course of its business receives money or property of a third person, and the money or property so received is misapplied by one or more of the partners while it is in the custody of the firm; Liability for wrongs joint and several.
© 1890 Crown Copyright
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