Assuming a new partner has been approved by the existing partners, the new partner, normally, will experience the same general risks and rights of ownership as do the other existing partners. A new partner is liable for all of the obligations of a partnership that arose before their admission except:

	a.	Personal obligations of the previous partners
	b.	Non personal assets of all existing partners
	c.	Personal assets of the new partners
	d.	Obligations can only be satised out of partnership assets and not the personal assets of the new partner.