alleryStart learning →A partner who lends money to his LLP has which rights on that loan?
ARights as a designated partner
BNone, being an owner
CSame as a non-partner
DHalf of an outsider's rights
Answer & Solution
Correct answer: C. Same as a non-partner
A partner may lend to and deal with the LLP and has the same rights and obligations as a person who is not a partner.
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