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Does a New Partner in a Firm Have Personal Liability

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Essay

Does a new partner in a firm have personal liability for debts existing when he joined the firm? What should a prospective partner do to avoid unreasonable liability?


Definitions:

DNA Strands

The long, linear molecules composed of nucleotides that carry genetic information essential for cellular function and heredity.

Bacteriophages

Viruses that infect and replicate within bacteria, used in biotechnology for gene therapy and as bacterial control agents.

X-ray Diffraction

A technique used to determine the atomic and molecular structure of a crystal, by measuring the angles and intensities of X-rays that are scattered by the crystal.

Watson

Refers to James Watson, who, along with Francis Crick, Maurice Wilkins, and Rosalind Franklin, is credited with discovering the double helix structure of DNA.

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