Solved

Kate Is a Partner in a Limited Liability Partnership (LLP)which

Question 44

Multiple Choice

Kate is a partner in a limited liability partnership (LLP) which provides accounting services.Acting within her authority,Allie,who is one of Kate's subordinates,negligently provides accounting services to a client.The client sues the LLP and its partners.Which of the following is incorrect?


A) The LLP is liable to the client.
B) Allie is liable to the client,and the judgment may be satisfied out of her personal assets.
C) Kate is not liable for Allie's negligence.
D) Kate is liable to the client,and the judgment may be satisfied out of her partner's personal assets.

Correct Answer:

verifed

Verified

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

Related Questions