Which of the following entities can be formed without a formal agreement?
A. Corporation
B. Limited partnership
C. General partnership
D. Limited liability company
Answer: C
Legal Studies & Paralegal
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The idea of "judge-made law" is known as the common law
Indicate whether the statement is true or false
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A conversion takes place when the debtor's original bankruptcy filing status is changed, either voluntarily or involuntarily, from one chapter to another
Indicate whether the statement is true or false
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Tenants in common have ___ which, means that each owner is entitled to possession of the entire premises.
a. moiety b. unity of possession c. unity of interest d. unity of title
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