An Individual Who Joins an Existing Partnership Has No Liability

question 48

True/False

An individual who joins an existing partnership has no liability for partnership debts that arose prior to his joining the partnership.

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Definitions:

Hazardous Materials

Substances that pose significant risks to health, safety, or the environment due to their chemical, physical, or biological properties.

Safely Handle

The practice of managing or operating something with necessary precautions to prevent harm or damage.

Energy Demand

The total amount of energy required by all consumers and businesses in a particular area or system.

Fuel Supplies

The available stockpiles or sources of fuels such as coal, gas, oil, and renewable energy sources used for consumption.