In a partnership, when a partner contributes a particular asset to the firm, he is considered the sole owner of the asset.

Name: In a partnership, when a partner contributes a particular asset to the firm, he is considered the sole owner of the asset.
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When a partner contributes an asset to the firm, it becomes a partnership asset and is owned jointly by all partners in the firm. No single partner can claim sole ownership of the asset once it becomes a partnership asset.

In a Partnership, When a Partner Contributes a Particular Asset