Section 1022.- On such publication being made, the registered documents or matters referred to in the summary shall be deemed to be known to all persons whether connected with the partnership  or company or not.

 

Section 1023.- Until such publication has been made, no advantage may be taken by the partners, the partnership or the company against third persons of the existence of the agreements, documents or particulars required by this Title to be registered, but third persons may take advantage of such existence.

However, the partner or shareholder who, and the partnership or company which has, before such publication, received performance of an obligation is not bound to make restitution.

 

Section 1024.- As between the partners of shareholders, the partners and the partnership, the shareholders and the company, all books, accounts and documents of any partnership or company or of the liquidators of any partnership or company are presumed to be correct evidence of all matters therein recorded.

 

CHAPTER II

ORDINARY PARTNERSHIPS

PART I

DEFINITION

 

Section 1025.- The ordinary partnership is that kind of partnership in which all the partners are jointly and unlimitedly liable for all the obligations of the partnership.

 

PART II

RELATION OF PARTNERS BETWEEN THEMSELVES

 

Section 1026.- Each partner must bring a contribution to the partnership.

Such contribution may consist of money or other properties or of services.

 

Section 1027.- In case of doubt, contributions are presumed to be of equal value.

 

Section 1028.- If the contribution of the partner consists merely of his personal services and the contract of partnership does not fix the value of such services, the share of such partner in the profits is equivalent to the average of the shares of the partners whose contributions are in money or other properties.

 

Section 1029.- If a partner brings as contribution the use of a property, the relation between such partner and the partnership with regard to delivery and repair, liability for defects, liability for eviction, clause of non-liability, are governed by the provisions of this Code concerning Hire of Property.