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    Business Law and the Regulation of Business Study Set 2
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    Exam 31: Operation and Dissolution of General Partnerships
  5. Question
    Does a New Partner in a Firm Have Personal Liability
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Does a New Partner in a Firm Have Personal Liability

Question 68

Question 68

Essay

Does a new partner in a firm have personal liability for debts existing when he joined the firm? What should a prospective partner do to avoid unreasonable liability?

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No, only his capital contribut...

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