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John, Michael, and Barbara form a partnership and make a considerable amount of profits. They decide to invest their partnership profits into an apartment block
John, Michael, and Barbara form a partnership and make a considerable amount of profits. They decide to invest their partnership profits into an apartment block in order to earn rent revenue. The apartment is purchased entirely with partnership funds, but title to the apartment block is not put in the name of the partnership, and instead put under a different business name. Is the apartment block partnership property? (Chapter 30)
Book: Smith and Roberson's Business Law 17th edition
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