Susan and Stanley are in a partnership called Easy Partnership.Susan purchases a truck with her personal funds with title to the truck naming Easy Partnership.Who owns the truck?
A)Susan
B)Susan and Stanley
C)Easy Partnership only
D)Both Susan and Easy Partnership

Question

Quizplus · Accepted Answer

The truck is owned by Easy Partnership only because the title to the truck names Easy Partnership, indicating that the partnership is the legal owner of the truck, regardless of whose funds were used to purchase it.

Susan and Stanley Are in a Partnership Called Easy Partnership