When a New Partner Is Admitted to a Pre-Existing Partnership,the

question 19

Multiple Choice

When a new partner is admitted to a pre-existing partnership,the new partner has:

• A) unlimited liability for obligations of the partnership, both for those arising before he/she joined the partnership, and those arising after joining.
• B) liability to the extent of his/her investment for obligations that arose before joining the partnership, and unlimited liability for those arising afterwards.
• C) liability to the extent of his/her investment for all obligations, arising either before or after he/she joined the partnership.
• D) no liability for obligations arising from before he/she joined the partnership, and unlimited liability for those arising afterwards.
• E) no liability for obligations arising from before he/she joined the partnership, and limited liability for those arising afterwards.

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Definitions:

Persecution

The act of persistently harassing or oppressing someone, often due to their beliefs or identity.

Paranoia

A psychological condition characterized by delusions of persecution or grandeur, often without a plausible basis.

Phenothiazines

A class of antipsychotic drugs used to treat mental disorders such as schizophrenia, known for their tranquilizing effects.

Antihistamine Drugs

Medications used to treat allergic reactions by blocking the action of histamine, a substance in the body that causes allergic symptoms.