Partnership bound by partners breach of trust.
Nev. Rev. Stat. § 87.140
in effectThe partnership is bound to make good the loss:
1. Where one partner acting within the scope of his or her apparent authority receives money or property of a third person and misapplies it; and
2. Where 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: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-087.htmlFetched: 10/4/2026