Doyle contributed $10,000 when he became a general partner in the existing partnership of R & Z Heating.If Albert wins a judgment for $25,000 against R & Z on a claim that was incurred before Doyle became a partner,Doyle shares joint and several liability with his new partners for the whole obligation.

Question

Quizplus · Accepted Answer

Doyle is not liable for obligations incurred by the partnership before he became a partner, unless he agrees to assume such liabilities.

Doyle Contributed $10,000 When He Became a General Partner in the Existing