$12.$ Assuming a new partner has been approved by the existing partners, the new partner, normally, will experience the same general risks and rights of ownership as do the other existing partners. A new partner is liable for all of the obligations of a partnership that arose before their admission except:

a$)$ personal obligations of the existing partners

b$)$ contingent liabilities of the partnership that occurred before the new partner joined

c$)$ accounts payable of the partnership that occurred before the new partner joined

d$)$ notes payable of the partnership that occurred before the new partner joined

e$)$ A and B are both correct