Which one of the following statements about the liability of a new partner in a partnership is correct?
It is the LLP itself, rather than the partners personally, that enjoys the benefit of limited liability.
There is no legal requirement for an LLP to be audited.
In the context of partnership law, a partner's actual authority to bind the partnership in a contract is determined by which of the following?
To wind up a Limited Liability Partnership (LLP), which of the following is required?
Which of the following statements regarding partnerships is correct?
In which form of partnership is there a partner that invests in the partnership but does not take part in the day-to-day running of the business?
As a minimum, which of the following formalities is necessary to form an unlimited liability partnership?
A partner's actual authority to bind the partnership in a contract is determined by which of the following?
Which of the following describes the liability of new partners for partnership debts?