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The Partnership Characteristic of Co-Ownership of Property States That

Question 25

Multiple Choice

The partnership characteristic of co-ownership of property states that:


A) all partnership assets are co-owned by any banks making loans to the partnership
B) general partners co-own all assets, but limited partners do not
C) general partners own a larger percentage of the assets of a partnership than do limited partners
D) any asset a partner invests in the partnership becomes the joint property of all the partners

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