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What is Delos Reyes vs. Lukban & Borja Debt Case about?

Teodoro de los Reyes sued Vicente Lukban and Espiridion Borja to recover a debt of P853 owed by their dissolved partnership firm, Lukban & Borja, for merchandise purchased on credit. One partner, Borja, had previously paid P522.69, leaving a balance of P610.21, which with interest totaled P894.17. The issue was whether de los Reyes could collect the debt individually from the partners. The court held that as the partnership was insolvent, under Article 127 of the Code of Commerce, the partners were personal

Author

PAC

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EN