Question

Discuss the conditions under which LLP will be liable and not liable for the acts of
the partner.

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Answer 1

Answer:

The partners in an LLP have a limited liability. Unlike in Partnership, where a partner is also liable for the acts of other partners, in an LLP, a partner is not liable for another partner’s act. No partner would be liable for independent or unauthorised acts of the other partners or for their misconduct.

Explanation:

Answer 2

Answer:

ca foundation law the limited liability partnership act chapters