Examlex
All of the following statements are true EXCEPT:
Partnership Property
Assets or property acquired by a partnership that are used in the business and owned collectively by the partners.
Management Rights
The prerogative of an employer to make decisions about operational and managerial aspects of the business.
Personal Profits
Income or gains received by an individual from various sources, including employment, investments, or personal business ventures.
Capital Contribution
Funds or assets provided by partners or shareholders to increase the capital of a company or partnership.
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