Economics · Limited Liability Partnership Act
An LLP is not bound by an act done by a partner if the partner acts:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1On behalf of another registered LLP with proper authorization.
- 2Without authority, provided the third party knows or has reason to believe that the partner lacks authority.✓
- 3For the personal benefit of another partner.
- 4Within the scope of his implied authority.
Correct answer
Without authority, provided the third party knows or has reason to believe that the partner lacks authority.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Limited Liability Partnership Act MCQs →Want more practice questions on Limited Liability Partnership Act?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Limited Liability Partnership Act