Asked by Dylan Wright on May 19, 2024

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In a ________ partnership,all the partners' liability for professional malpractice is limited to the partnership.

A) general
B) limited
C) professional
D) limited liability
E) stop-loss

Professional Malpractice

An instance where a professional fails to perform their duties to the accepted standard of practice in their field, leading to harm or loss.

Partnership

A legal arrangement where two or more persons agree to share the profits and losses of a business venture.

  • Recognize the distinctions among various kinds of partnerships and their respective features.
  • Recognize the distinct aspects and legal requirements of limited liability partnerships (LLPs).
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Verified Answer

JZ
Jessica zambranoMay 25, 2024
Final Answer :
D
Explanation :
The limited liability partnership is different from other forms of partnerships because the partners' liability for professional malpractice is limited to the partnership.