Jose is the promoter of Newcastle Corporation (NC). He entered into various preincorporation contracts. NC was properly formed on January 1, 2020. As a result, Jose is jointly and severally liable on the pre-incorporation contracts Jose is no longer personally liable on the pre-incorporation contracts ONC is automatically liable on the pre-incorporation contracts. Jose is not liable on the pre-incorporation contracts because NC released him from personal liability. Poughkeepsie Associates, a partnership, is dissociated by the retirement of a partner. The business is continued by the remaining partners and a new partner, Erica. What is Erica's liability to creditors for partnership obligations that arose before she became a partner? She is liable to the extent of partnership assets. She is liable to the extent of her personal assets. She has no liability. She is fully liable. Poughkeepsie Associates, a partnership, is dissociated by the retirement of a partner. The business is continued by the remaining partners and a new partner, Erica. What is Erica's liability to creditors for partnership obligations that arose before she became a partner? She is liable to the extent of partnership assets. She is liable to the extent of her personal assets. She has no liability. She is fully liable