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. Has the right to participate in the management of ABC.
C. Acquired only the right to receive Fein's share of the profits of ABC.
D. Must contribute cash or property to ABC to be admitted with the same rights as the other partners.B. Has the right to participate in the management of ABC.
Answer: B. Has the right to participate in the management of ABC.
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