When a New Partner Is Admitted to a Preexisting Partnership,the

question 11

Multiple Choice

When a new partner is admitted to a preexisting 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) no liability for obligations arising from before he/she joined the partnership, and limited liability for those arising afterwards
• D) no liability for obligations arising from before he/she joined the partnership, and unlimited liability for those arising afterwards

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Definitions:

γ-Butyrolactam

A cyclic amide consisting of a four-carbon ring, used in organic synthesis and pharmaceuticals.

(R)-4-Ethoxypentanenitrile

An enantiomer of a nitrile compound characterized by the presence of an ethoxy group (-OC2H5) on the fourth carbon of a pentane chain.

Propanoic Anhydride

An organic compound derived from propanoic acid, used as a reagent in the synthesis of various organic compounds.

Carboxylic Acid Derivatives

Organic compounds where the hydroxyl group (-OH) of a carboxylic acid is replaced with another functional group, such as an ester, amide, or halide.