202. Trust money used by partnership.

202.     Trust money used by partnership.

When partners who are also trustees of a deceased partner lend trust money to the firm, they are personally liable as trustees to make up any money lost and account for profit or interest on it, even though it may be secured by mortgage of firm property1. An inquiry may be directed as to whether the beneficiaries will receive more by way of interest or profits2. If the partners of such trustees have notice of the breach of trust, they are under the same liability3. Thus, where the executor of a