alleryStart learning →Is an LLP partner personally liable for another partner's wrongful act?
AYes, up to capital
BYes, if senior partner
CNo, not for another's act
DYes, always jointly
Answer & Solution
Correct answer: C. No, not for another's act
A partner answers for his own wrongful act or omission but not for that of any other partner.
Keep practising II LLP Act 2008 including important Rules
Browse all II LLP Act 2008 including important Rules questions for CA Inter, or explore more Law topics.
Related questions
A retiring partner is entitled to what capital, unless agreed?A pre-incorporation agreement binds the LLP only if what?From which assets are an LLP's liabilities met?Which of these is part of the definition of 'business' under the LLP Act?Before becoming a designated partner, an individual must give what to the LLP?When all partners are bodies corporate, who act as designated partners?What is the position of an LLP regarding a common seal?When does a change in an LLP's registered office take effect?