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This decision addresses whether a surety agreement entered into by a husband to secure a loan for his employer is considered "for the benefit of the conjugal partnership" under Article 161 of the Civil Code, making the partnership liable for the debt. The Court of Appeals ruled that the loan was not for the benefit of the partnership. The Supreme Court affirms, finding that the terms "redounded to the benefit of" and "for the benefit of" mean the same thing - that an actual benefit to the partnership must b

Author

Lexter Cruz

Language

EN