The correct answer is D) All partners are limited from personal liability in certain situations.
What is true for a limited liability partnership is "All partners are limited from personal liability in certain situations."
Limited Liability Partnership (LLP) is the type of partnership in that the parties have limited responsibility. This means that every person in the partnership is not responsible for misconducts of the other partners. The Limited Liability Partnership was created in the United States in the 1980s, after the collapse of real state and energy prices in Texas
At the start of the Civil War there were 23 Union states and 11 Confederate states. The Territories did not belong to either the North or the South, but represented a great deal of land and economic promise.
