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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A partnership contract was validly made in the firm's name and account by an authorized partner. The firm cannot pay after its assets are exhausted. An industrial partner relies only on an internal rule exempting industrial partners from partnership losses. Which analysis is sound?

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Article 1816 expressly includes industrial partners in the stated external contractual liability, distinct from internal loss allocation. The creditor must become an industrial partner first. The internal exemption conclusively destroys the creditor's rights. Industrial partners have no duties under any circumstance.

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