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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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