Question 59 Which of the following does not describe limited liability partnerships? Not yet answered Select one: Marked out of a. The name of a limited liability partnership must include the term "Limited Liability Partnership," or "LLP," or the French language equivalent. 1.00 O b. Still has a general partner, like in a Limited Partnership Flag question O c. Provides limited liability to ALL partners of the firm. O d. Will only be available to professionals, like lawyers, accountants and medical professionals. Question 60 Under Part III - Registration of Alberta LLPs, of the Partnership Act, RSA 2000, c P-3, which of the following is true about identifying or listing the partners of a Not yet limited liability partnership (LLP)? answered Marked out of Select one: 1.00 O a. Anyone can ask for, and receive from the firm, a list of the names of the partners in an LLP for any point in time the LLP existed Flag O b. One the Limited Partners of an LLP have to be identified in the firm's records question O c. Anyone can ask for a list of the names of the partners in an LLP but only the current partners O d. The LLP has to keep a list of partners of the firm, but such list is always held confidential. Question 61 Kelly and her mother have decided to open a pizzeria. As Kelly's mother is very wealthy, she is concerned about personal liability. You therefore advise her to consider Not yet creating a limited partnership. If Kelly's mother does become a limited partner, which of the following could she do, without becoming personally liable for the debts of the answered business? Marked out of 1.00 Select one Flag O a. Insist that the pizzeria be named after her. question O b. Contribute services to the business. O c. Participate in the management of the business. O d. Contribute $10,000 to the business