Answered: A person entoring into a partnership is…

A person entoring into a partnership is only liable for debts or eligible for profits from the date of entry into the partnership True False

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 5DQ

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Answer correctly and explain. I

A person entering into a partnership is only liable for debts or eligible for profits from the date of entry into the
partnership
True
False

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