A Limited Liability Partnership Involves

Multiple Choice

A limited liability partnership involves:

A) a partnership in which partners who are not negligent are not personally liable for losses caused by the negligence of another partner or of an employee directly supervised by another partner;
B) a partnership in which partners who are not negligent are personally liable for losses caused by the negligence of another partner or an employee directly supervised by another partner
C) a partnership in which some of the partners limit their liability to the amount of their capital contributions and are not active in the conduct of the business
D) a partnership in which partners who are not fraudulent are not personally liable for the losses caused by the fraud of another partner
E) none of the above