1.

A and B are partners in A & B Partnership. A owns two parcels of land which he contributed to the partnership. B owns six trucks which he contributed to the partnership. The profits of the land and the trucks were also included as contributions. The properties contributed are all what A and B own. The partnership is:

A. Universal
B. Universal partnership of all present property
C. Universal partnership of all profits
D. Particular partnership
Answer» C. Universal partnership of all profits


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