Question: Question 1 0 ( 1 point ) Listen A Limited Liability Partnership ( LLP ) protects a partner from some personal liability. Even though a
Question point
Listen
A Limited Liability Partnership LLP protects a partner from some personal liability. Even though a partner in an LLP is not liable for debts, liabilities, or obligations arising from the negligent acts or omissions of other partners or employees, a partner is subject to all of the following EXCEPT
remaining liable for the negligent acts or omissions for those who are under the partner's direct supervision and control
being an agent of the firm and his other partners for the purpose of the business of the partnership
standing to lose the full extent of his net worth
remaining liable for his own negligent acts or omissions
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
