To be partnership property, title to real estate bought with partnership assets and used by the partnership may be put in the name of:
A) any partner in that individual's name.
B) the partnership only.
C) the partnership in its name, or one or more partners in their capacity as partners in the partnership if the name of the partnership is indicated in the instrument transferring title.
D) None of these.

Question

Quizplus · Accepted Answer

For real estate to be considered partnership property, it can be titled in the name of the partnership or in the name of one or more partners, provided that the partnership's name is indicated in the instrument transferring title.

To Be Partnership Property, Title to Real Estate Bought with Partnership