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Justinian I · The Digest of Justinian §17.2.60.pr-17.2.60.1

Interest on Delayed Profits and Incidental Expenses

Passage 2563 of 9271 · Latin

Summary

This section discusses the obligation to pay interest on delayed returns of partnership profit (which is excused if funds were unused or no delay occurred) and dissolution, explaining that indirect expenses or gains incurred merely on account of the partnership, such as treatment for injuries from stopping escaping common slaves, are excluded from the partnership action and the common fund.

[IDEM libro tertio decimo ad Sabinum. ] §17.2.60.prSocium, qui in eo, quod ex societate lucri faceret, reddendo moram adhibuit, cum ea pecunia ipse usus sit, usuras quoque eum praestare debere Labeo ait, sed non quasi usuras, sed quod socii intersit moram eum non adhibuisse: sed si aut usus ea pecunia non sit aut moram non fecerit, contra esse: item post mortem socii nullam talem aestimationem ex facto heredis faciendam, quia morte socii dirimatur societas.
[THE SAME in the thirteenth book on Sabinus] Labeo says that a partner who, in returning what he had made as profit from the partnership, caused delay, must also pay interest if he himself used that money; however, not as if it were interest, but because it was in the interest of the partner that he should not have caused delay. But if he either did not use that money or did not cause delay, the opposite is true. Likewise, after the death of a partner, no such valuation is to be made based on the act of the heir, because the partnership is dissolved by the death of the partner.
§17.2.60.1Socius cum resisteret communibus seruis uenalibus ad fugam erumpentibus, uulneratus est: impensam, quam in curando se fecerit, non consecuturum pro socio actione Labeo ait, quia id non in societatem, quamuis propter societatem inpensum sit, sicuti si propter societatem eum heredem quis instituere desisset aut legatum praetermississet aut patrimonium suum neglegentius administrasset: nam nec compendium, quod propter societatem ei contigisset, ueniret in medium, ueluti si propter societatem heres fuisset institutus aut quid ei donatum esset.
When a partner, while resisting common slaves offered for sale who were breaking out into flight, was wounded, Labeo says that he will not recover the expense which he incurred in treating himself by the action on partnership, because that was spent not on the partnership, although it was spent on account of the partnership; just as if, on account of the partnership, someone had ceased to appoint him as heir, or had passed over a legacy, or if he had managed his own patrimony rather neglectfully. For neither would any gain which came to him on account of the partnership come into the common fund, as for instance if, on account of the partnership, he had been appointed heir or something had been donated to him.

Notes

  1. §17.2.60.prsocii intersit — The impersonal verb `intersit` takes the genitive (`socii`) of the person who is interested. Although `socii` is singular ('of the partner'), in this context it refers to the interest of the other partner (or the partnership as a whole).
  2. §17.2.60.prSocium, qui... reddendo moram adhibuit... cum ea pecunia ipse usus sit, usuras quoque eum praestare debere — The word `Socium` at the beginning of the sentence, after being modified by the relative clause `qui...` and temporal clause `cum...`, is picked up again by `eum` as the subject accusative of the infinitive `debere`, representing a case of prolepsis or syntactic redundancy.
  3. §17.2.60.1non in societatem, quamuis propter societatem inpensum sit — Contrast between the prepositions `in` (for/into, representing direct investment) and `propter` (on account of/because of, representing indirect or consequential cause). It strictly distinguishes between expenses incurred directly on the partnership and those incurred merely on account of the partnership.

Cite this passage

Justinian I, The Digest of Justinian §17.2.60.pr-17.2.60.1. Humanitext Reader, https://reader.humanitext.ai/en/text/urn:cts:latinLit:phi2806.phi002.humanitext-lat1:17.2.60.pr-17.2.60.1

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