New Enroll in RBI Grade B New Batch - Starts on May 21

    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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