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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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