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Jim's brother believes that if he owns shares in JPL Pty Ltd he will be in a legal partnership with all other shareholders, and furthermore,

Jim's brother believes that if he owns shares in JPL Pty Ltd he will be in a legal partnership with all other shareholders, and furthermore, that he will have direct ownership of JPL Pty Ltd assets. Discuss whether these beliefs are correct or not. in your answer distinguish between equity capital and debt capital

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