Which of the following partners of a limited liability partnership (LLP) may avoid personal liability when a partner commits a negligent act?
A. All the partners.
B. The supervisor of the negligent partner.
C. All the partners other than the negligent partner.
D. All the partners other than the negligent partner and his or her supervisor.
Answer: D. All the partners other than the negligent partner and his or her supervisor.
Business
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Indicate whether the statement is true or false
Business
The earned income credit serves as a negative income tax and is available to
A) anyone with an earned income as opposed to passive income. B) low-income taxpayers. C) only head of household status filers. D) only senior citizens below the poverty line.
Business