Question
Legal Studies Question on Laws of Contract
In respect of a Limited Liability Partnership firm, which one of the following is not a requisite feature ?
A
internal governance may be decided by mutual agreement among partners
B
it is a corporate body with perpetual succession
C
partners should be less than 20
D
partnership and management need not be separate
Answer
partners should be less than 20
Explanation
Solution
The correct option is (C): partners should be less than 20.