Fact Pattern 37-1B (Questions 10-13 apply) Bill, Cary, and Dave are general partners in Equestrian Stables. 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.

10. Refer to Fact Pattern 37-1B. Bill, Cary, and Dave decide to admit George as a new partner in Equestrian Stables. George'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.

11. Refer to Fact Pattern 37-1B. Cary's assignment of his interest in Equestrian Stables to Filly Breeders, Inc. results in a. nothing with respect to Cary or Equestrian. b. the automatic termination of Equestrian legal existence. c. Cary's liability for all of Equestrian's debts. d. Cary's wrongful dissociation and liability for any damages.

12. Refer to Fact Pattern 37-1B. Bill's dissociation from the firm results in a. the automatic termination of the firm's legal existence. b. the partnership's buyout of Bill's interest in the firm. c. the immediate maturity of all partnership debts. d. Bill's purchase of her interest in the partnership from the firm.

13. Refer to Fact Pattern 37-1B. The partners decide to dissolve Equestrian. Dave collects and distributes the firm's assets. This results in a. nothing with respect to the firm's existence. b. the continuation of the firm's business. c. the termination of the firm's legal existence. d. the temporary suspension of the firm's business.