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

Name: In a partnership,when a partner contributes a particular asset to the firm,he or she is considered to be the sole owner of the asset.
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When a partner contributes an asset to the partnership, that asset becomes the property of the partnership as a whole, not just the individual partner. Each partner has a share in the ownership of all assets of the partnership.

In a Partnership,when a Partner Contributes a Particular Asset to the Firm,he