Pym and Pike Is a Law Firm That Is Considering

question 1

Multiple Choice

Pym and Pike is a law firm that is considering forming an LLP.Which of the following statements correctly describes the key advantage to Pym and Pike's partners of forming an LLP?

• A) Partners will not be obliged to avoid conflicts of interest.
• B) Partners cannot be sued by one another for contribution or indemnity.
• C) Partners will have limited liability for the debts of the partnership.
• D) Partners will not be liable for one another's professional negligence.

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Definitions:

Stable Nucleus

An atomic nucleus that is not prone to radioactive decay and remains unchanged over time.

Earth's Crust

The outermost solid shell of the planet, known for being the layer on which we live and where most geological events occur.

Synthetic Substances

Artificial materials created through chemical processes, not found naturally.

Coal

A natural, black or brownish-black sedimentary rock used primarily as a fuel source in electricity generation and steel production.