Page 432 - Important Provisions of The New Civil Code

Except when authorized by the other partners

or unless they have abandoned the business,

one or more but less than all the partners have

no authority to:

(1) Assign the partnership property in trust

for creditors or on the assignee's promise to

pay the debts of the partnership;

(2) Dispose of the good-will of the business;

(3) Do any other act which would make it

impossible to carry on the ordinary business

of a partnership;

(4) Confess a judgment;

(5) Enter into a compromise concerning a

partnership claim or liability;

(6) Submit a partnership claim or liability to

arbitration;

(7) Renounce a claim of the partnership.