Partnership is bound by partner's breach of trust.

S.C. Code Ann. § 33-41-360
in effect
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The partnership is bound to make good the loss: (1) When one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and (2) When the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c041.phpFetched: 10/17/2026

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