A brand name can function as a legal property

In 1994, The Federal Reserve Board ruled against a proposal to use quantitative models to assess credit concentration risk because

A. current methods to identify concentration risk were not sufficiently advanced. B. there was no public data on default rates on publicly traded bonds. C. there was sufficient information on commercial loan defaults for banks to perform in-house analysis. D. problems related to credit concentration risk have been minimal for U.S. banks. E. there was already a law that requires banks to set aside capital to compensate for credit concentration risk.

Chuck Borris invested $250,000 for a limited partnership share in Kong-Foo, a company that distributes antique furniture. Which of the following statements is correct?

A. Chuck has unlimited personal liability for the debts of the partnership. B. Chuck may participate in management of Kong-Foo without losing his limited liability. C. Chuck's liability for partnership debts is limited to $250,000. D. Chuck is not liable for any amount owed to creditors if he does not contribute services to the partnership.