Business Studies, asked by ajeetsir9417, 10 months ago

What if total contribution received by all partners of the llp exceeds total obligation

Answers

Answered by shivangi2506
0

Explanation:

Section 33 - Obligation to contribute

2. A creditor of a limited liability partnership, which extends credit or otherwise acts in reliance on an obligation described in that agreement, without notice of any compromise between partners, may enforce the original obligation against such partner.

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