Q. 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: (Solved)
1. Universal
2. Universal partnership of all present property
3. Universal partnership of all profits
4. Particular partnership
- b. Universal partnership of all present property