Law · Limited Liability Partnership Act
Arrange the following segments to logically form a correct factual statement detailing the concept of continuity in a Limited Liability Partnership (LLP) as compared to a traditional partnership. A. unlike traditional partnerships B. which are dissolved if a partner leaves or dies. C. ensuring its continuous existence despite the death or withdrawal of partners, D. A Limited Liability Partnership possesses the legal characteristic of perpetual succession, Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1D, A, C, B
- 2A, B, D, C
- 3D, C, A, B✓
- 4C, D, B, A
Correct answer
D, C, A, B
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