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56.As a general rule, a person admitted as a partner to an existing partnership is liable for the obligations of the partnership arising both before
56.As a general rule, a person admitted as a partner to an existing partnership is liable for the obligations of the partnership arising both before and after she is admitted to the partnership. Select your answer 57.The Articles of Partnership contained a stipulation that provides for partner liability contrary to the pro rata and subsidiary liability provided by law. The provision is deemed 58. Gina, Ursula, and Dino are the partners in the firm XYC. Tina, in the presence of Gina and Ursula, represented herself as a member of XYC, to Andrew who extended a loan because of his great trust in Tina who was a family friend. In case of legal injury, partnership XYC may be held liable by estoppel. 59. Where property is acquired by a partner in his own name but with partnership funds 60.Andre bought a 4-door apartment building in the name of the partnership which is in the business of buying apartments and then renting out the same. Andre and 3 other partners occupied the 4 apartments in the said building without paying rent, all without the knowledge of Boki. The partners other than Boki are bound to account for the rents the partnership would have gained had these been occupied by clients of the partnership
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