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In Japan,which of the Following Statements Is False Regarding Limited

Question 5

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In Japan,which of the following statements is false regarding limited liability partnerships?


A) In regard to profits,Japan's limited liability partnership law requires that the members manage the business and negotiate among each other to determine how profits and losses should be distributed among individual members.
B) Japan's limited liability partnership law places restrictions on the distribution of partnership assets.
C) Japan's limited liability partnership law limits the liability of its members by their capital contribution.
D) When members are establishing the rules of the limited liability partnership,Japan's limited liability partnership law requires either the agreement of all members or a majority of at least two-thirds of the members.
E) The limited liability partnership has been recognized in Japan since the 1950s.

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