If a partner of an LLP is not liable to a creditor that the remaining partners are liable to,then he:
A)must contribute the shortfall.
B)must contribute based on his interest in the partnership.
C)cannot be forced to pay the debt.
D)must split the amount between the other partners and himself.

Question

Quizplus · Accepted Answer

If a partner has committed malpractice or another wrong for which LLP statutes do not provide protection from liability,that wrongdoing partner must contribute to the LLP an amount equal to her share of the unpaid liability.Creditors may sue such a partner when the LLP fails to pay the liability.If more than one partner has liability,they must contribute to the LLP in proportion in which they share liability.If one is unable to pay,the other liable partners must contribute the shortfall.The partners who are not liable for the obligation cannot be forced to pay the debt.

If a Partner of an LLP Is Not Liable to a Creditor