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Section 26 - Partnership Act 1963 - Property bought with money of firm | Zoe

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Home/Legislation/Partnership Act 1963/26

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Partnership Act 1963

26Property bought with money of firm

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26 Property bought with money of firm Property bought with money belonging to a firm is, unless the contrary intention appears, deemed to have been bought on account of the firm.

Previous section25Land bought by co-owners out of profits from land—

Next section27Conversion into personalty of land held by firm