LLP is governed by the Limited Liability Partnership Act, 2008 (not Indian Partnership Act, 1932), and partners have limited liability. Hence, (C) and (E) are not true. LLP has separate legal entity (A) and perpetual succession (D), which are true features.
is/are not true with regard to Limited liability partnership. (A) Separate Legal entity (B) Unlimited liability for one partner (C) Indian…
CUET UG 2023 — Accountancy Partnership
2023mcqmedium
__________ is/are not true with regard to Limited liability partnership.
(A) Separate Legal entity
(B) Unlimited liability for one partner
(C) Indian Partnership Act, 1932 is applicable
(D) Perpetual Succession
(E) Unlimited liability of partners
Choose the correct answer from the options given below :
Official previous-year question
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Options
- A
(A) and (B) Only
- B
(C) and (E) Only
- C
(B) and (C) Only
- D
(D) and (E) Only
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