📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Every partner of a limited liability partnership is, for

    the purpose of the business of the limited liability partnership________
    A Agent of the limited liability partnership Correct Answer Incorrect Answer
    B Agent of the partners Correct Answer Incorrect Answer
    C Agent of the limited liability partnership, but not of other partners Correct Answer Incorrect Answer
    D Agent of the limited liability partnership as well as the other partners Correct Answer Incorrect Answer
    E Neither the agent of the limited liability partnership nor of the partners Correct Answer Incorrect Answer

    Solution

    Section 26.   Partner as agent: Every partner of a limited liability partnership is, for the purpose of the business of the limited liability partnership, the agent of the limited liability partnership, but not of other partners.

    Practice Next
    ask-question