Multiple choice

For actions of a partner in a limited liability partnership

  1. all the partners become automatically liable

  2. the LLP does become liable

  3. other partners do not becomes liable for one

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

No partner would be liable on account of the independent or unauthorised actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful business decisions or misconduct.

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