In a partnership, where one partner assigns his interest in the partnership to a person who is not already a partner, the assignee of the interest: A. will be liable for all the debts of the partnership arising prior to the assignment B. is liable for torts of the other partners committed while carrying out the activities of the partnership C. is not legally entitled to control or manage the business of the partnership

A shareholder of a corporation:

• A. has unlimited liability for the debts of the corporation

• B. has limited liability for the debts of the corporation in the amount paid for the shares that could be lost should the corporation fail and be wound up without sufficient assets to pay its debts

• C. has no liability for the debts of the corporation