LLP Partners Are Personally Liable for the Actions of the Business

question 45

True/False

LLP partners are personally liable for the actions of the business.

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Definitions:

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Bad Behavior

Actions that are considered inappropriate, disrespectful, or harmful in a social context.

Bad Person

A term used to describe someone who is deemed to have morally wrong, unethical, or harmful characteristics or behaviors.

Self-discrepancy Theory

A theory that delineates how differences between one's actual self, ideal self, and ought self can influence emotions and self-esteem.