The risk of things, certain and specified, which are not perishable, contributed to the partnership in order that only their use and fruit be common, shall be borne by the partner owning them.
If the things contributed are perishable, or if they cannot be kept without deteriorating, or if they were contributed to be sold, the risk shall be borne by the partnership. It shall also be borne by the same in the absence of a special agreement with regard to the things contributed and appraised in the inventory, and, in such case, the claim shall be limited to the value at which they were appraised.
History —Civil Code, 1930, § 1578.