A partnership designed to protect innocent partners from malpractice or negligence claims resulting from acts of another partner is a:
A)Partnership
B)Limited partnership
C)Limited liability partnership
D)General partnership
E)Limited liability corporation

Question

Quizplus · Accepted Answer

A limited liability partnership is designed to protect innocent partners from malpractice or negligence claims resulting from acts of another partner. This type of partnership provides personal asset protection for each partner, limiting their personal liability for the actions of other partners.

A Partnership Designed to Protect Innocent Partners from Malpractice or Negligence