An LLC can be organized in only one state.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If a court determines that a manager's corporate decision amounted to self-dealing,
a. the business judgment rule will not apply. b. the transaction being challenged will be automatically voided. c. the manager is automatically personally liable to the corporation. d. the manager will automatically be fired.
Annette entered into a contract with a local truck dealer to have a new truck delivered to her daughter, Sue, as a graduation present. In this contract, Sue is:
a. an incidental beneficiary. b. a donee beneficiary. c. a creditor beneficiary. d. an assignor.
In reviewing the actions of the U.S. Office of Nuclear Energy and other agencies, the courts
A. are usually reluctant to review questions of fact. B. rarely defer to the technical expertise of administrative agencies. C. often rule on the merits of policy determinations. D. never defer to an agency's interpretation of law.
The open interest at the end of the trading day indicates the volume of contracts traded during the day
Indicate whether the statement is true or false.