When a bilateral mistake is made, neither party may void the contract

a. true
b. false

Ans: b. false

Business

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A ________ ownership in the investee's voting stock can significantly influence the investee's decisions

A) 10 percent B) 5 percent to 10 percent C) 15 percent to 20 percent D) 20 percent to 50 percent

Business

Limited partners can lose their limited liability by:

A) Breaching their fiduciary duty to the limited partnership. B) Actively managing the business of the limited partnership. C) Serving as a paid consultant to the limited partnership. D) Withdrawing from a limited partnership contrary to provisions in the limited partnership agreement. E) Investing too much in the partnership.

Business