Assuming a New Partner Has Been Approved by the Existing

question 7

Multiple Choice

Assuming a new partner has been approved by the existing partners, the new partner, normally, will experience the same general risks and rights of ownership as do the other existing partners.A new partner is liable for all of the obligations of a partnership that arose before their admission except:

• A)​obligations can only be satisfied out of partnership assets and not the personal assets of the new partner.
• B)​personal assets of the new partners
• C)​Obligations of previous partners
• D)​Non personal assets of all existing partners.

---

Definitions:

Atmospheric Pressure

The force per unit area exerted onto a surface by the weight of air above that surface in the Earth's atmosphere.

Altitude

The elevation of a point or object measured from sea level or the surface of the earth.

Collision-Coalescence

A process in cloud formation where water droplets collide and merge to form larger droplets, an essential mechanism in the growth of raindrops.

Condensation Nuclei

Tiny airborne particles around which water condenses to form clouds.