CIMA Exam CIMAPRA17-BA4-1 Topic 4 Question 67 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 67
Topic #: 4

Which THREE of the following are characteristics of Limited Liability Partnerships ("LLPs")?

ALLPs can enter into contracts in their own name

BLLPs have no perpetual succession

CAn LLPs partners are jointly and severally liable for the debts of the LLP

DLLPs can hold property in their own name

ELLPs are usually created by formal registration under statute

Show Suggested Answer

Suggested Answer: A, D, E

by Cecil at Mar 24, 2023, 08:50 AM

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