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What will result if six partners become partners in realty

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Realty Associates is a partnership with ten equal partners and owns two apartment buildings. As a result of a dispute among the partners, it is decided to divide Realty Associates into two partnerships; Realty I and Realty II, each of which will own one of the two buildings.

Problem 1. What will result if six partners become partners in Realty I and four go into Realty II?

Problem 2. What will result if five partners go into Realty I and five to Realty II?

Reference no: EM132938168

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