[Solved] X, Y and Z are partners in a firm. X, without the authority of Y and Z buys certain shares in his name out of partnership money. Will 'shares' constitute partnership property?

Q.	X, Y and Z are partners in a firm. X, without the authority of Y and Z buys certain shares in his name out of partnership money. Will 'shares' constitute partnership property?
A.	Yes
B.	No
C.	Can't say
D.	Depends on the facts of the case
Answer» A. Yes

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Fundamentals of Laws and Ethics

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