The period to rescind a rescindable transaction is three business days. 

Answer the following statement true (T) or false (F)


True

Legal Studies & Paralegal

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Paralegalsmay be askedto determine the validityof or to       casescited in a brief.

Fill in the blank(s) with the appropriate word(s).

Legal Studies & Paralegal

In addition to filing the declaration of Condominium, the law also requires the condominium to devise:

A. Statutory method of financing B. Condominium by-laws C. Condominium Charter D. Condominium Articles of Organization

Legal Studies & Paralegal

Answer the following statement(s) true (T) or false (F)

1. A limited liability company is owned by its members who are not personally liable for the debts of the LLC. 2. The members can elect one or more of themselves to manage the affairs of the LLC, or may appoint an outside manager. 3. A corporation must file a certificate of incorporation and appointment of an agent for service of process. 4. Corporations are known as domestic corporations in the state in which they are formed, and as foreign corporations in other states. 5. Subchapter S avoids double taxation and income is passed through the corporation and only taxed at the individual level.

Legal Studies & Paralegal

Answer the following statement(s) true (T) or false (F)

1. Most word processors have a “print layout” or Print Preview command that allows the user to see exactly how the document will look when printed. 2. Although tables are very easy to set up in most word processors, they are not frequently used in legal word processing. 3. Using macros requires users to keep keying in repetitious material or going through long sequences of commands. 4. Revealing the hidden codes in a document makes it easier to delete, edit, or change the document’s formatting.

Legal Studies & Paralegal