An international partnership is liable in either of the following cases —
(a) where one international partner acting within the scope of his or her apparent authority receives the money or property of a third person and misapplies it; or
(b) where an international partnership in the course of its business receives the money or property of a third person and the money or property so received is misapplied by one or more of the international partners while it is in the custody of the international partnership.