In a Limited Liability Partnership, a Partner Has Unlimited Liability

question 138

Multiple Choice

In a limited liability partnership, a partner has unlimited liability

• A) for the negligent acts of the other partners.
• B) for only his or her share of capital contributed.
• C) for the actions of employees whom they directly supervise and control.
• D) only during the first 5 years of the partnership.

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Definitions:

Authoritarian

Describes a governing or leadership style characterized by strict obedience to authority, often at the expense of personal freedom.

Permissive

A term often used in parenting or leadership styles that allow for freedom and lack strict rules or structure.

Western Parents

A generalized term often referring to parenting styles traditionally seen in Western cultures, emphasizing independence and self-expression.

Obedience

The act of following orders or directions from someone in authority, often studied in the context of social psychology.