Solved

Which of the Following Is True About the Effect of LLP

Question 47

Multiple Choice

Which of the following is true about the effect of LLP statutes after appointment of a new partner?


A) RUPA provides that the new partner has full liability for the LLP's obligations.
B) The former partners will be personally responsible on committing a malpractice.
C) For obligations incurred before his admission,the new partner may not be held liable.
D) LLP partnership agreements often change the RUPA rule about a new partner's liability.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions