Social Studies, 04.04.2020 01:55 kamgurunlian
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. nothing.
b. limited to her capital contribution to the firm.
c. unlimited.
d. limited to her personal assets.
Answers: 3
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Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and inv...
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