​Fact Pattern 37-3 Bryn, Cornell, and Duke Are General Partners in Equity Lending

question 39

Multiple Choice

​Fact Pattern 37-3
Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent of the other partners.
-Refer to Fact Pattern 37-3. Bryn, Cornell, and Duke decide to admit Giselle as a new partner in Equity Lending. Giselle's liability for partnership debts incurred before her admission is

• A) ​limited to her capital contribution to the firm.
• B) ​limited to her personal assets.
• C) ​nothing.
• D) ​unlimited.

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Definitions:

Temporal Proximity

The closeness or nearness in time between two events or phenomena.

Antecedents

Events or circumstances that precede and influence behaviors, often analyzed in behavioral therapy to understand and modify undesirable behaviors.

Chain Analysis

A behavioral assessment tool used to identify antecedents, behaviors, and consequences to understand behavioral sequences comprehensively.

Dysfunctional Responses

Behaviors or reactions that are maladaptive or harmful, often resulting from unhealthy coping mechanisms or unresolved issues.