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      Question

      In an LLP

      agency-
      A Does not exist. Correct Answer Incorrect Answer
      B Exists in limited form Correct Answer Incorrect Answer
      C Exists between the partners Correct Answer Incorrect Answer
      D Exists as the partner is agent of LLP Correct Answer Incorrect Answer
      E Does not exist as the partner is not an agent of LLP Correct Answer Incorrect Answer

      Solution

      LLP Act S. 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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