JOSE MACHUCA,

plaintif-
appellee,
vs. CHUIDIAN,
BUENAVENTURA
& CO.,
e!en ants-
appellants."ACT
S
:CHUIDIAN,
BUENAVENTURA &
CO (defendants) is a
regular general
artners!i " T!e
#riginal artners
$ere D" Telesf#r#
C!uidian, D#%a
Ra 'unda C!uidian,
D#%a Candelaria
C!uidian, and
D. Ma#ian$
B%enavent%#a
" T!e artners ea !
#ntri uted a ertain
a'#unt #f '#ne t#
t!e artners!i "D#na
Ra 'unda retired
fr#' t!e artners!i #n
N#*e' er + -"
T!e artners!i
su se.uentl $ent
int#li.uidati#n (it
d#es n#t a ear t!at
t!e li.uidati#n !as
een ter'inated
$!en t!is a ti#n $as
r#ug!t)"On
/anuar + 01,
D. Ma#ian$
B%enavent%#a
 died, !is estate
assing $ill t#
!is !ildren, in luding
D.Vi ente
B%enavent%#a
" In + 0 ,
D. Vi ente
B%enavent%#a
e2e uted a
u li instru'ent in
$!i ! f#r a*alua le
#nsiderati#n !e
3assigns t#
D. J$se 'e#vasi$
'a# ia
" " " a 4- er ent
s!are in all t!at 'a
e# tained
$!ate*er rig!t in
$!ate*er f#r' fr#' t!e
li.uidati#n #f t!e
artners!i #f
C!uidian,Buena*entu
ra & C#", in t!e art
ertaining t# !i' in
said artners!i "A
su se.uent
assign'ent $as 'ade
 5ar ia in fa*#r
#f
J$se Ma (% a
(n#$ lainti6), $!i !
!as eenn#ti7ed t#
t!e li.uidat#r #f t!e
artners!i " T!e
li.uidat#r, !#$e*er,
de lined t# re #rd in
t!e ##8s #f
t!e artners!i
9a !u a s lai'
under t!e assign'ent
as a redit due t#
!i'" Hen e, 9a !u a
7led an a ti#n
t# #' el su ! re #rd
t# e 'ade, and !e
furt!er as8s t!at !e
e ad;udi ated t#
e a redit#r #f
t!e artners!i in an
a'#unt e.ual t# 4-< #f
D" Vi ente
Buena*entura s
s!are (t!at !e e
i''ediatel gi*ent!e
4-< s!are)"
ISSUE
: =ON 9a !u a is
entitled t# 4-< #f D"
Vi ente
Buena*entura s
s!are in t!e
artners!i NO
HE)D
:A #rding t# lause
+0 #f t!e artners!i
agree'ent: >u #n
t!e diss#luti#n #f t!e
#' an , t!e
ending# ligati#ns
in fa*#r #f #utside
 arties s!#uld e
satis7ed, t!e funds #f
t!e 'in#rs /#se
and ?ran is #
C!uidians!#uld e
ta8en #ut, and
after$ards t!e
resulting alan e
#f t!e
a #unt@ urrent #f
ea ! #ne #f t!#se
$!#!ad ut in '#ne
s!#uld e aid">Our
#nstru ti#n #f t!is
lause is t!at it
esta lis!es a a
asis f#r t!e
7nal ad;ust'ent #f t!e
a6airs #f
t!e artners!i t!at
t!at asis is t!at t!e
lia ilities t#
n#n #' artners are t#
e 7rst dis !arged
t!at t!e lai's#f t!e
C!uidian 'in#rs are t#
e ne2t satis7ed
and t!at $!at is due
t# t!e res e ti*e
artners #n a #unt
#ft!eir ad*an es t#
t!e 7r' is t# e aid
last #f all, lea*ing t!e
ulti'ate residue, #f
#urse, if t!ere e
an , t# e
distri uted, a'#ng t!e
artners in t!e
r# #rti#ns in $!i !
t!e 'a e entitled
t!eret#"