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What are the obligations of partners in a limited liability partnership (LLP) in terms of personal liability?a)Partners are personally liable for all obligations of the LLP.b)Partners are not personally liable for any obligations of the LLP.c)Partners are personally liable only if they hold a majority stake in the LLP.d)Partners are personally liable for their own wrongful acts only.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What are the obligations of partners in a limited liability partnership (LLP) in terms of personal liability?a)Partners are personally liable for all obligations of the LLP.b)Partners are not personally liable for any obligations of the LLP.c)Partners are personally liable only if they hold a majority stake in the LLP.d)Partners are personally liable for their own wrongful acts only.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are the obligations of partners in a limited liability partnership (LLP) in terms of personal liability?a)Partners are personally liable for all obligations of the LLP.b)Partners are not personally liable for any obligations of the LLP.c)Partners are personally liable only if they hold a majority stake in the LLP.d)Partners are personally liable for their own wrongful acts only.Correct answer is option 'D'. Can you explain this answer?.

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