A right can be assigned even if the assignment will significantly alter the risks or duties of the obligor

Howe, Hardy, and Harkins, a law firm in Alberta, decides to register as a limited liability partnership. Which of the following is TRUE?

A) Such an entity is not permitted. B) Henceforth, the firm will refer to itself as Howe, Hardy, and Harkins, LLP. C) Howe will continue to be liable for the negligence of Hardy and Harkins. D) Once the limited liability partnership is registered, Howe will not be liable for the negligence of Hardy and Harkins. E) Both B and D.

Life insurance policyholders typically receive dividends from

A) mutual insurance companies. B) stock insurance companies. C) both mutual and stock insurance companies. D) neither mutual nor stock insurance companies.