When a new partner is admitted to a pre-existing partnership, the new partner has: no liability for obligations arising from before he/she joined the partnership, and limited liability for those arising afterwards. no liability for obligations arising from before he/she joined the partnership, and unlimited liability for those arising afterwards. liability to the extent of his/her investment for obligations that arose before joining the partnership, and unlimited liability for those arising afterward liability to the extent of his/her investment for all obligations, arising either before or after he/she joined the partnership. unlimited liability for obligations of the partnership, both for those arising before he/she joined the partnership, and those arising after joining