§ 25. Partnership bound by partner's breach of trust.  The partnership  is bound to make good the loss: 1. Where one partner acting within the scope of his apparent authority  receives money or property of a third person and misapplies it; and 2.  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.