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.