Statutes > Idaho Statutes > TITLE 53 PARTNERSHIP > CHAPTER 3 UNIFORM PARTNERSHIP ACT > PART 3. RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP > 53-3-305 PARTNERSHIP LIABLE FOR PARTNER'S ACTIONABLE CONDUCT.

53-3-305 PARTNERSHIP LIABLE FOR PARTNER'S ACTIONABLE CONDUCT.

TITLE 53

PARTNERSHIP

CHAPTER 3

UNIFORM PARTNERSHIP ACT

PART 3.

RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP

53-3-305. Partnership liable for partner’s actionable conduct. (a) A partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a partner acting in the ordinary course of business of the partnership or with authority of the partnership.

(b) If, in the course of the partnership’s business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a partner, the partnership is liable for the loss.