A partner is a co-owner with his partners of specific partnership property. Such co-ownership

• A. allows a partner to assign his right in such property
• B. allows a partner to use such property for partnership business
• C. entitles the spouse, children and other relatives of the partner to claim support from such property
• D. gives the private creditors of a partner to attach his right in such property

Answer: (B)

In a partnership, specific property is owned by the partnership itself, not by any single partner, though partners have an undivided interest in using it for the business. This co-ownership gives a partner the right to use the property in carrying on the partnership’s operations and to deploy it to further the partnership’s purposes. That use is essential for the partnership to function, since the property is the tool by which the business is run. It doesn’t mean a partner can unilaterally transfer or encumber that property, it doesn’t grant relatives a claim on the property, and private creditors can’t attach a partner’s right in the property because the asset belongs to the partnership as a whole. So the key idea is that co-ownership enables each partner to use the property for partnership business.