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
Originally humans simply hunted and gathered, but this nomadic lifestyle made having a large family difficult and culture was therefore rarely passed on.
