Question

The partnership characteristic of co-ownership of property states that:

general partners own a larger percentage of the assets of a partnership than do limited partners.

all partnership assets are co-owned by any banks making loans to the partnership.

any asset a partner invests in the partnership becomes the joint property of all the partners.

general partners co-own all assets, but limited partners do not.

Answer 1

Answer:

Explanation:

Answer is last option.

Answer 2

The partnership characteristic of co ownership of properties take that general partners go on all assets but limited partners do not.

• A partnership firm is a joint venture between two or more individual who joined together to do business or a particular project.
• They are entitled to share the profit and losses of the company.
• There is no separate legal entity for a partnership firm.
• The maximum number of people that can be in a partnership with one another is 50 members.