LLP partners are personally liable for the actions of the business.
Correct Answer:
Verified
Q3: In a partnership agreement,partners are not criminally
Q4: A partnership will be bound by the
Q6: In all partnerships,profits are shared according to
Q7: In a partnership,some classes of partners may
Q11: A partnership does not have the authority
Q12: The standards and principles of agency law's
Q13: A partner may not compete against the
Q16: A partner is under no duty to
Q17: Under the Revised Uniform Partnership Act partners
Q20: Silent partners have the duty to serve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents