Defaulting Partner
A partner who fails to pay the promised contribution on time is liable for the losses caused by the delay and may be expelled or have his or her share reduced to the amount already paid in.
Legal reference: Civil Code, arts. 1004.
A partner who fails to pay the promised contribution on time is liable for the losses caused by the delay and may be expelled or have his or her share reduced to the amount already paid in.
Legal reference: Civil Code, arts. 1004.
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