What type of business entity is an organization providing limited liability to partners without restrictions of limited partnership often used by lawyers and accountants?
a. Limited partnership
b. General partnership
c. Limited liability partnership
d. Limited liability company
c
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When Joan married Louis, he and the mortgage company owned a duplex that they rented out, but she had a job. It is now paid off. Joan wants a divorce and the duplex, and her lawyer will probably tell her:
a. She will get the whole thing because her money paid off the mortgage. b. He will get the whole thing because it was his to begin with. c. He will get the whole thing because he spent all his time managing the property. d. They can trace and subtract the initial contribution, then split the value of the property.
An employer may not use software to monitor an employee's activity on a company computer
Indicate whether the statement is true or false
X dies and leaves a validwill. In the will, X disinherits his son Y. Y’s best alternative is
A. nothing.Y has no right to inherit. B. to elect to receive an intestate share. C. to elect to receivea forced share. D. to showundueinfluence based on X’s failure to make a bequest to Y.
To read common law you would look at __________.
A. reporters B. looseleaf services containing recent court decisions C. legal encyclopedias D. a and b E. a, b, and c