Question

a partner shall never be liable to an unlimited extent for the debts of the LLP critically examine the statement ​

Answer 1

Answer:

ohh hoo buisness studies

Answer 2

A partner shall never be liable to an unlimited extent for the debts of the LLP

Explanation:

• The liability of partners are limited so each and every partner is not responsible for the business debts.
• When the assets of partnership are not sufficient to repay all the business debts in then the private assets of all the partners cannot be used to settle the debts of the business.
• Therefore, a partners liability is limited to his contributed capital. The creditors of the partnership firm cannot claim their dues from the private properties and assets of all the partners.

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a partner shall never be liable to an unlimited extent for the debts of the LLP critically examine the statement ​

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