A business in which some or all partners have limited liabilities is called a:

A. General Partnership
B. Limited Liability Company
C. Limited Liability Partnership

Ans: C. Limited Liability Partnership

Business

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Martin, who owned a piece of property along with two other tenants, executed a will in which he left all his property to his son. When Martin died, his son received his interest in the shared property and became a tenant with the other two owners

What kind of concurrent ownership would allow such a passage of title? A) a joint tenancy B) a tenancy in common C) a tenancy by entirety D) a community property

Business

Bonds which sell at less than face value are priced at a ________, while bonds which sell at greater than face value sell at a ________

A) par; premium B) discount; par C) discount; premium D) coupon; premium

Business