Answer-In an LLP agency-

Q: Answer-In an LLP agency-

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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In an LLP agency-

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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