# Partnership Act 1890, Section 11: Misapplication of money or property received for or in custody of the firm.


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;
the firm is liable to make good the loss.

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Source: https://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/11 (the official version)
Page: https://openlegislation.uk/partnership-act-1890/section-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.