Match List I with List II


Choose the correct answer from the options given below:

Correct option is A

· Limited Liability Partnership (I): A hybrid structure where partners have limited liability.
· Particular Partnership (II): Created for a specific project or period.
· Partnership (III): A general association of two or more people in business.
· Mutual Agency (IV): Each partner acts as an agent and principal.
Information Booster:
1. LLP Act 2008: Governs limited liability partnerships in India.
2. Mutual Agency: Ensures partners can bind the firm legally.
3. Partnership Act 1932: Defines partnership regulations.
4. Limited vs. Unlimited Liability: Determines risk exposure.
5. Dissolution of Partnership: Can be voluntary or due to insolvency.
6. Particular Partnership: Exists for a single venture or transaction.