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Commerce · Q392

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 392

Q392

Which of the following can be termed as the features of Limited Liability Partnership? 1. Hybrid form of organization 2. Separate legal entity 3. Perpetual Succession 4. Larger owner/manager distinction 5. Limited liability

A.
1, 2, 3 and 4
B.
2, 3, 4 and 5
C.
2, 4 and 5
D.
1, 2, 3 and 5
Answer

Answer: Option D

Solution

Answer: Option D
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