In a Limited Liability Partnership, Each Partner's Risk of Losing

question 11

Multiple Choice

In a limited liability partnership, each partner's risk of losing personal assets is:

• A) Unlimited.
• B) Limited to losses that result from his/her own acts and omissions and the acts and omissions of those who work under his/her supervision.
• C) Determined entirely by the maximum loss provision established by the articles of co-partnership.
• D) Nonexistent.

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