Question

Contributions of a partner in an LLP are -

A Unlimited Correct Answer Incorrect Answer
B Determinate Correct Answer Incorrect Answer
C As per the LLP agreement Correct Answer Incorrect Answer
D As per the partner's requirements. Correct Answer Incorrect Answer

Solution

Section 33. Obligation to contribute — (1) The obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement.

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