Members of a limited liability company are not personally responsible for the debts or obligations of the limited liability company. 

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


True

Legal Studies & Paralegal

You might also like to view...

Attorneys paid for by the state to ensure that criminal defendants are not deprived of their constitutional right to be represented by counsel are:

a. Paralegals b. Public prosecutors c. Public defenders d. None of these choices are correct

Legal Studies & Paralegal

PRPs are:

a. Proven Responsible Parties b. Potentially Responsible Parties c. Politically Responsible Parties d. Probably Responsible Parties

Legal Studies & Paralegal

A minor’s contract is voidable at the election of the minor. 

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

Legal Studies & Paralegal

All contracts must have consideration to be enforceable.

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

Legal Studies & Paralegal