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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.

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