There are at least three types of partnerships that limit the partners' liability. They are 1)________, 2) ________, and 3)________.
What will be an ideal response?
limited partnership, limited liability partnership, limited liability company
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Pseudo Drugs Inc. is convicted of trafficking in counterfeit prescription drugs. As a penalty, the company may be ordered to pay restitution to the trademark holders in an amount equal to
A. their lost net profits. B. the retail prices of the genuine drugs. C. Pseudo’s profits from the sale of the counterfeit drugs. D. the retail prices of the counterfeit drugs.
When Ben applied for life insurance, he was asked on the application if he smoked or used tobacco products. Ben answered "No." In reality, Ben smokes two packs of cigarettes a day
The policy was issued at the "preferred, nonsmoker rate." If Ben dies 6 months after the policy is issued, upon what grounds will the insurer be able to legally deny the claim? A) warranty B) misrepresentation C) waiver D) concealment
Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 29, 68, 35, 56, 46, and 72?
A. 13
B. 14
C. 15
D. 16
In an interaction diagram, messages are sent and received by individual objects, not by classes
a. True b. False Indicate whether the statement is true or false