A(n) ___ exists with articles of organization and rather than having by-laws, has an operation agreement that sets for the rights and obligations of the members and establishes the rules of operation.
a. domestic corporation
b. eleemosynary corporation
c. limited liability partnership
d. limited liability company
Answer: d. limited liability company
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A tenancy for successive and continuous periods of time - which may be a month, a year, or any other discrete unit of time - and in which there is no specific termination date, is a:
a. Tenancy for years b. Tenancy from period to period c. Tenancy at will d. Tenancy at sufferance
Impossibility of performance willnotoccur if
A. the subject matter of the contract is destroyed. B. one of the parties dies prior to performance. C. performance of the contract becomes illegal due to a change in the law. D. one of the parties decides the contract is no longer beneficial to him or her.
After the jury determines facts, the judge makes conclusions of law and enters a?
A. ?judgment. B. ?verdict. C. ?remedy. D. ?summation.
In a summary jury trial, all of the following are true except
A. the parties decide in advance if the decision is binding. B. the parties can use the jury’s advice to aid in settlement negotiations. C. the attorneys are not required to follow the rules of evidence and procedure followed in a court trial. D. None of these choices.