Property bought with partnership money

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Unless the contrary intention appears, property bought with money belonging to the firm is deemed to have been bought on account of the firm.

7 Parts

s.22Property bought with partnership money— Partnership Act (2025 Revision)

Section 22Part 4 — Relations of Partners to One Another

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Unless the contrary intention appears, property bought with money belonging to the firm is deemed to have been bought on account of the firm.