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Which of the Following Statements Regarding Lawsuits and Limited Liability

Question 14

Multiple Choice

Which of the following statements regarding lawsuits and limited liability partnerships is false?


A) Only the LLP is liable on a contractual obligation.
B) Only the LLP may be sued for a contractual obligation.
C) The LLP and the partner who committed the tort are liable.
D) Even LLP members who had no role in the commission of a tort have liability.

Correct Answer:

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