The question (15 marks)
'The Limited Liability Partnership Act 2008 gives a business the organisation of a partnership and the insulation of a company.' Examine this statement with reference to the liability provisions of the Act. (15 marks)
MU Module II, nature of the LLP and extent and limitation of liability; chapters on the LLP as a body corporate and on designated partners, liability and the LLP agreement, and case briefs 11 and 12.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · The Limited Liability Partnership Act, 2008 of Contract – II.
Authorities you will need
- Salomon v. Salomon & Co., Ltd. (1897) A.C. 22 (H.L.)
- Lee v. Lee's Air Farming, Ltd. (1960) 3 All E.R. 420
- Sections 18 and 25 of the Indian Partnership Act 1932, for the contrast
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.