According to the RUPA's Rules That Determine When Property Is

question 84

Multiple Choice

According to the RUPA's rules that determine when property is acquired by a partnership,which of the following statements is false?

• A)Property belongs to the partnership if the property is transferred to the partnership in its name.
• B)Property belongs to the partnership if the property is transferred to any partner acting as a partner by a transfer document that names the partnership.
• C)Property belongs to the partnership if the property is purchased with a partner's funds.
• D)Property belongs to the partnership if the property is transferred to any partner by a transfer document indicating the partner's status as a partner or that a partnership exists.

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Definitions:

Loanable Funds

The market where savers supply funds to borrowers, typically through financial intermediaries, affecting interest rates and economic activity.

National Saving

The total amount of savings in a country, equal to the sum of private and public savings.

Domestic Investment

The total amount of investment in physical assets like buildings, machinery, and technology, within a country’s borders.

National Saving

The total savings of a nation, calculated as the sum of private and public saving, representing the part of national income not consumed or spent by the government.