When a New Partner Is Admitted to a Preexisting Partnership,the

Multiple Choice

When a new partner is admitted to a preexisting partnership,the new partner has ________.

A) unlimited liability for obligations of the partnership, both for those arising before he/she joined the partnership, and those arising after joining
B) liability to the extent of his/her investment for obligations that arose before joining the partnership, and unlimited liability for those arising afterwards
C) no liability for obligations arising from before he/she joined the partnership, and limited liability for those arising afterwards
D) no liability for obligations arising from before he/she joined the partnership, and unlimited liability for those arising afterwards