Under the Revised Uniform Partnership Act, in which of the following cases will property be deemed to be partnership property?
I. A partner acquires property in the partnership name.
II. A partner acquires title to it in his/her own name using partnership funds.
III. Property owned previously by a partner is used in the partnership business.
a. I only.
b. I and II only.
c. II only.
d. I, II, and III.
Answer: B
Tax
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