Limited liability companiesare

A. synonymouswith limited partnerships.
B. a form ofcorporation.
C. a type of legal entity different from all others.
D. the same as a general corporation that limits liability ofshareholders.


Answer: B

Legal Studies & Paralegal

You might also like to view...

The judicial branch

A. produces case law B. passes statutes C. interprets constitutions, statutes, and administrative regulations D. a and c E. a, b, and c

Legal Studies & Paralegal

At the federal level, session laws are the chronological ordering of statutes, as well as organizing them by subject matter or topically

Indicate whether the statement is true or false

Legal Studies & Paralegal

CISG divides buyer's remedies between when buyer avoids the contract and when buyer does not avoid the contract.?

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

Legal Studies & Paralegal

Which tort is the unprivileged publication of a factual statement that is untrue and injurious to a person's reputation?

a. Defamation b. Negligence c. Assault d. Abuse of process

Legal Studies & Paralegal