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| Ted Fein, a partner in the ABC Partnership, wishes to withdraw from the partnership and sell his interest to Gold. All of the other partners in ABC have agreed to admit Gold as a partner and to hold Fein harmless for the past, present, and future liabilities of ABC. A provision in the original partnership agreement states that the partnership will continue upon the death or withdrawal of one or more of the partners.As a result of Fein’s withdrawal and Gold’s admission to the partnership, Gold A. Is personally liable for partnership liabilities arising before and after his admission as a partner. B. Acquired only the right to receive Fein’s share of the profits of ABC. C. Must contribute cash or property to ABC in order to be admitted with the same rights as the other partners. D. Has the right to participate in the management of ABC. |