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(5) Where the title to real property is in the names of all
the partners a conveyance executed by all the partners passes
all their rights in such property.

SEC. 11. (Partnership Bound by Admission of Partner. )
An admission or representation made by any partner concern-
ing partnership affairs within the scope of his authority as
conferred by this act is evidence against the partnership.

SEC. 12. (Partnership Charged with Knowledge of or No-
tice to Partner. ) Notice to any partner of any matter relating
to partnership affairs, and the knowledge of the partner acting
in the particular matter, acquired while a partner or then pres-
ent to his mind, and the knowledge of any other partner who
reasonably could and should have communicated it to the act-
ing partner, operate as notice to or knowledge of the partner-
ship, except in the case of a fraud on the partnership com-
mitted by or with the consent of that partner.

SEC. 13. (Partnership Bound by Partner's Wrongful Act. )
Where, by any wrongful act or omission of any partner acting
in the ordinary course of the business of the partnership, or
with the authority of his co-partners, loss or injury is caused
to any person, not being a partner in the partnership, or any
penalty is incurred, the partnership is liable therefor to the
same extent as the partner so acting or omitting to act.

SEC. 14. (Partnership Bound by Partner's Breach of
Trust) The partnership is bound to make good the loss:

(a) Where one partner acting within the scope of his ap-
parent authority receives money or property of a third person
and misapplies it; and

(b) 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.

SEC. 15. (Nature of Partner's Liability. ) All partners
are liable:

(a) Jointly and severally for everything chargeable to the
partnership under sections 13 and 14.

(b) Jointly for all other debts and obligations of the part-
nership; but any partner may enter into a separate obligation
to perform a partnership contract.