Question
A Person admitted as a partner into an existing partnership shall be liable up to the extent of his separate assets for what obligations? (Philippines
A Person admitted as a partner into an existing partnership shall be liable up to the extent of his separate assets for what obligations? (Philippines Law)
A. Obligations of the partnership existing at the time of his admission only if there was a stipulation.
B. Obligations of the partnership incurred before and after his admission even if there was no stipulation.
C. Obligations of the partnership incurred before his admission if there was a stipulation, and those incurred after his admission even if there was no stipulation.
D. Obligations of the partnership incurred after his admission only if there was a stipulation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started