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) the agent who represented the partnership in the transaction.

Question

Quizplus · Accepted Answer

For real estate to be considered partnership property, the title may be held in the name of the partnership itself or in the names of one or more partners, as long as the partnership's name is indicated in the title instrument, showing the connection to the partnership. This allows for flexibility in how property is titled while still ensuring it is legally recognized as belonging to the partnership.

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