A Partner Admitted as a Partner into an Existing Partnership

question 49

True/False

A partner admitted as a partner into an existing partnership has unlimited liability for all obligations of the partnership arising before such admission.

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Definitions:

Placebo Technique

A harmless pill, medicine, or procedure prescribed more for the psychological benefit to the patient than for any physiological effect.

Exposure

Therapy technique that involves repeatedly exposing a client to an anxiety-producing stimulus or situation and has the goal of reducing the client’s fear.

Anti-Anxiety Drugs

Medications designed to reduce symptoms of anxiety through effects on the central nervous system, often used in the treatment of anxiety disorders.

Anxiety Disorders

A group of mental health disorders characterized by significant feelings of anxiety and fear that impact daily functioning.