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

question 54

Multiple Choice

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.

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