If a partnership is dissolved, an asset does NOT legally return to the partner who originally contributed it.

Question

Quizplus · Accepted Answer

Upon dissolution, assets of a partnership are used to pay off the partnership's debts and liabilities; any remaining assets are distributed among the partners according to their partnership agreement or, in the absence of such an agreement, according to their share of ownership or investment in the partnership, not based on who originally contributed a specific asset.

If a Partnership Is Dissolved, an Asset Does NOT Legally