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Fact Pattern 27-3 ​Bryn, Cornell, and Duke Are General Partners in Equity Lending

Question 31

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Fact Pattern 27-3
​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 27-3. 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) ​limited to her capital contribution to the firm.
B) limited to her personal assets.
C) ​nothing.
D) ​unlimited.

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