In an LLP That Is Continuing Business After Dissociation

question 45

Multiple Choice

In an LLP that is continuing business after dissociation:

• A) a dissociated partner has high risk of continuing liability for contracts.
• B) a dissociated partner has less risk of torts occurring before or after the partner leaves the LLP.
• C) the partner's liability is limited beyond the LLP's assets.
• D) the buyout payment made to a dissociated LLP partner will impair the ability of the LLP to pay its creditors.

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Definitions:

SAD

Seasonal Affective Disorder, a type of depression that occurs at the same time every year, usually in winter.

Fears and Anxieties

Psychological conditions characterized by intense feelings of dread or apprehension often due to perceived threats or vulnerabilities.

Aggressive Behaviour

Actions intended to harm or cause damage to another individual either physically or psychologically.

Gestalt Therapy

A form of psychotherapy focusing on self-awareness and understanding the present context through the holistic connection between an individual and their environment.