Section 15 — Extent of liability of limited liability partnership

(1) A limited liability partnership is not bound by anything done by a partner in dealing with a person, if,—
(a) the partner in fact has no authority to act for the limited liability partnership in doing a particular act; and
(b) the person knows that he has no authority or does not know or believe him to be a partner of the limited liability partnership.

(2) A limited liability partnership is liable if a partner of the limited liability partnership is liable to any person as a result of a wrongful act or omission on his part in the course of business of the limited liability partnership or with its authority.

(3) An obligation of a limited liability partnership, whether arising in contract or otherwise, is solely obligation of the limited liability partnership.

(4) The liabilities of a limited liability partnership shall be met out of the property of the limited liability partnership.