Which of the Following Is True About the Effect of LLP

question 47

Multiple Choice

Which of the following is true about the effect of LLP statutes after appointment of a new partner?

• A)RUPA provides that the new partner has full liability for the LLP's obligations.
• B)The former partners will be personally responsible on committing a malpractice.
• C)For obligations incurred before his admission,the new partner may not be held liable.
• D)LLP partnership agreements often change the RUPA rule about a new partner's liability.

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Definitions:

Behavioral Theorist

A scholar who studies and contributes to the understanding of behaviors by emphasizing the effects of learning and environment on actions.

Reward Members

A strategy of providing benefits, incentives, or recognition to members of a group or organization to encourage desired behaviors.

Correlational Study

A research method that examines the relationships or associations between two or more variables, without inferring a causal relationship.

Relationship Between Two Variables

describes how changes in one variable are associated with changes in another, indicating a correlation or causal connection.