Humanitext Reader

Justinian I · The Digest of Justinian §17.2.30.pr

Different Shares for Net Profit and Loss in Partnership

Passage 2532 of 9271 · Latin

Summary

The validity of a partnership with different ratios for profit and loss is discussed, concluding that different shares can be agreed upon for the net profit or loss remaining after balancing.

[PAULUS libro sexto ad Sabinum. ] §17.2.30.prMucius libro quarto decimo scribit non posse societatem coiri, ut aliam damni, aliam lucri partem socius ferat: Seruius in notatis Mucii ait nec posse societatem ita contrahi, neque enim lucrum intellegitur nisi omni damno deducto neque damnum nisi omni lucro deducto: sed potest coiri societas ita, ut eius lucri, quod reliquum in societate sit omni damno deducto, pars alia feratur, et eius damni, quod similiter relinquatur, pars alia capiatur.
[PAULUS in his sixth book on Sabinus] Mucius writes in his fourteenth book that a partnership cannot be entered into in such a way that a partner bears one share of loss and another of profit; Servius, in his notes on Mucius, says that a partnership cannot be contracted in this way either, for profit is not understood to exist unless all loss has been deducted, nor loss unless all profit has been deducted; but a partnership can be entered into in such a way that one share of that profit which remains in the partnership after all loss has been deducted is borne, and another share of that loss which is similarly left is taken.

Notes

  1. 17.2.30.praliam damni, aliam lucri partem — aliam... aliam... means "one... and another...", referring to setting different ratios for the share of profit and the share of loss.
  2. 17.2.30.prnisi omni damno deducto — An ablative absolute construction consisting of the noun damno and the participle deducto, which, accompanied by the conjunction nisi ("unless"), expresses the condition "unless all loss has been deducted." The subsequent nisi omni lucro deducto has the same structure.

Cite this passage

Justinian I, The Digest of Justinian §17.2.30.pr. Humanitext Reader, https://reader.humanitext.ai/en/text/urn:cts:latinLit:phi2806.phi002.humanitext-lat1:17.2.30.pr

Please note the AI-draft status of the translation and the date accessed.

Translation, notes and summary are AI-generated drafts, revised through reader feedback.