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PARTNERSHIP ACT 1890 - SECT 11

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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