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A Person Admitted into an Existing Partnership Is Personally Liable

question 56

True/False

A person admitted into an existing partnership is personally liable for all of the obligations of the partnership arising before his admission.


Definitions:

Occupational Background

The history of jobs and professional experiences that an individual has had in their field of work.

Rapport

A positive relationship or connection between people, characterized by mutual understanding, trust, and agreement.

Defamatory

Communication that damages the reputation of an individual or organization, potentially subject to legal action if proven untrue.

Outlining

The act of creating a structured summary or plan of a written work, speech, or project, highlighting its main points and subpoints in a logical sequence.

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