Which of the following is true of a common law marriage?
A) Both parties enjoy relaxations in the eligibility criteria in terms of minimum age and emancipation when they marry.
B) All the rights and duties of a normal licensed marriage apply to a common law marriage.
C) A court decree of divorce is not required to end a common law marriage as there is no marriage license or ceremony.
D) The parties involved need not provide proof of cohabitation to establish a common law marriage.
B
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In a limited-liability company, the ________
A) members are personally liable to pay the entity's debts B) business pays income tax on earnings C) members are liable for each other's actions D) members pay income tax on their share of earnings
Allenby Spares Inc is a shop that sells spare automotive parts from various manufacturers. A customer buys a faulty brake manufactured by TurboDiezel Inc from Allenby Spares and is involved in an accident caused by the faulty brake in his vehicle
Which of the following is true of this situation? A) Allenby Spares cannot be held strictly liable since the brake was manufactured by TurboDiezel. B) TurboDiezel cannot be held strictly liable as the company is not the seller in this case. C) Neither Allenby nor TurboDiezel can be held strictly liable for the faulty brake. D) Allenby Spares can be held strictly liable for the faulty brake as it is part of the distribution chain.