Question

Partner of an LLP is an agent of LLP for:

A purpose of business of LLP Correct Answer Incorrect Answer
B business of partnership firm and LLP Correct Answer Incorrect Answer
C holding out Correct Answer Incorrect Answer
D any transaction relating to LLP Correct Answer Incorrect Answer

Solution

LLP Act 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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