What mandates that certain contracts must be in writing?
A) Statute of Frauds
B) Parol Evidence Rule
C) Bilateral contract law
D) Uniform contract law
A
Business
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Which of the following is a characteristic of a limited liability company (LLC)?
A) It is a separate legal person (or entity) under state law. B) It cannot be found civilly liable for violations of law. C) Its owners are called directors. D) Its owners are personally liable to third parties for debts of the LLC.
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