Cap. 16 Art. 1678Where obligation is contracted on account of the partnership.

(1) A stipulation to the effect that an obligation is contracted on account of the partnership, binds only the contracting partner and not the others, unless the latter have given him authority to do so or unless the matter has benefited the partnership.

(2) A partner contracting in his own name does not bind his other partners, even though the matter has benefited the partnership, saving any action competent to the persons contracting with him, under the provisions of article 1143.