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CIMA Exam CIMAPRA17-BA4-1 Topic 9 Question 101 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 101
Topic #: 9
[All CIMAPRA17-BA4-1 Questions]

Which ONE of the following in INCORRECT in relation to a Limited Liability Partnership (''LLP'')?

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Suggested Answer: A

Contribute your Thoughts:

Cristen
19 hours ago
But doesn't an LLP also have limited liability like a company?
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Cassandra
2 days ago
I disagree, I believe the incorrect statement is A.
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Sharika
3 days ago
I think Answer C is wrong. LLPs don't have a board of directors like a company, they have designated members instead.
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Lashonda
4 days ago
Answer B is incorrect. Outsiders do contract with the LLP, but the partners are still liable for the LLP's debts and obligations.
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Cristen
11 days ago
I think the incorrect statement is D.
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