Home › CA Foundation › businesslaw › The Limited Liability Partnership Act 2008 › Regarding mutual agency in an LLP, a partner is …
Regarding mutual agency in an LLP, a partner is the agent of:
ANo one
BOnly the designated partners
CThe LLP, but not of the other partners
DAll the other partners individually
Answer & Solution
Correct answer: C. The LLP, but not of the other partners
Each partner is an agent of the LLP alone, not of the other partners, so no partner is bound by another partner's unauthorised acts.
Related questions
A key advantage of an LLP over a traditional partnership is the ___ of its partners:On incorporation, the Registrar issues a ___ to the LLP:A body corporate ___ be a partner in an LLP:An LLP is administered in India by the office of the:The internal governance and profit-sharing of an LLP are primarily decided by the:If the number of partners of an LLP falls below two and it carries on business for more thThe LLP combines features of a company and a:A change in the partners of an LLP does ___ affect its existence, rights or liabilities: