Under the Second Wave of the Partial Shield Statute, a Partner

question 28

Multiple Choice

Under the second wave of the partial shield statute, a partner of a limited liability partnership (LLP) would be unlimitedly liable for:

• A) breaches of ordinary contract obligation.
• B) negligent acts.
• C) wrongful acts by employees.
• D) wrongful acts of agents.
• E) malpractice and misconduct of employees.

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Definitions:

Improper Fractions

Fractions in which the top number (numerator) is equal to or higher than the bottom number (denominator), signifying a value of at least one.

Lowest Terms

The simplest form of a fraction, where the numerator and denominator are reduced to their smallest possible values.

Rusty Metal Fence

A fence made of metal that has undergone oxidation, resulting in a reddish-brown flaky coating on its surface.

Feet Per Hour

A measurement of speed or velocity indicating how many feet are covered in one hour.