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

question 35

Multiple Choice

Fact Pattern 3-3
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 3-3.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:

Transformational Leader

A type of leadership style that inspires positive changes within individuals and social systems, motivating followers to exceed expectations.

OCB

Organizational Citizenship Behavior, which represents voluntary, extra-role activities performed by employees that contribute to organizational effectiveness.

Trust

A psychological state in which one has a willingness to be vulnerable and to take risks with respect to the actions of another party.

Transformational Leadership

A leadership style where leaders inspire and motivate followers to exceed expectations and foster significant change.