In a limited liability partnership,a partner has unlimited liability for his own actions and limited liability for the actions of his partners.

Question

Quizplus · Accepted Answer

In a limited liability partnership (LLP), each partner is protected from personal liability for certain partnership obligations, but is still responsible for their own actions and those under their direct control. This means they have limited liability for the actions of other partners but can be fully liable for their own misconduct or negligence.

In a Limited Liability Partnership,a Partner Has Unlimited Liability for His