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When a new partner is admitted to a preexisting partnership, the new partner has:

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When a new partner is admitted to a preexisting partnership, the new partner has;A.;Liability to the extent of her investment for all obligations, arising either before or after she joined the partnership.;B.;Liability to the extent of her investment for obligations that arose before joining the partnership, and unlimited liability for those arising afterwards.;C.;Unlimited liability for obligations of the partnership, both for those arising before she joined the partnership and those arising after joining.;D.;No liability for obligations arising from before she joined the partnership and unlimited liability for those arising afterwards.

 

Paper#31752 | Written in 18-Jul-2015

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