Author Question: Regarding partnership property: A) only a managing partner has the right to use firm property for ... (Read 145 times)

panfilo · **on:** Jun 24, 2018

Regarding partnership property:
A) only a managing partner has the right to use firm property for firm business.
B) where a three-person partnership owns three autos, each partner owns one of the autos individually.
C)on the death of a partner, that partner's share of partnership property vests in his or her next of kin.
D)a creditor of a partner cannot proceed against any specific items of partnership property.

Question 2

The amount of home interest that is deductible is:
A)Total amount of initial mortgage (if at or below market).
B)Total amount of refinancing.
C)Total amount of market value.
D)None of the above