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PARTNER'S BREACH OF TRUST  

     The partnership is bound to make good the loss:

  1. Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it;

  2. Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.

 

 

O.R.C. 1775.13

 

 

 

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