John, Nathan, and Julio form JNJ, LLC (limited liability company) with an equal capital investment by each. On his way to a business meeting with the clients of JNJ, Nathan accidentally injures a woman named Jessica in a car accident
Which of the following is true in this scenario?
A) Jessica can claim damages from JNJ, LLC as she was injured in the ordinary course of business.
B) Jessica can only claim damages from Nathan and not from JNJ, LLC.
C) Jessica can choose to claim damages from any one of the three.
D) John, Nathan, and Julio have equal personal liability to Jessica's injuries.
A
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Which of the following statements is true concerning escrow procedures:
A: A broker can hold an escrow for compensation for other parties when he has no interest in the transaction; B: When the escrow requirements have been met, the escrow agency changes from a dual agency to a separate agency; C: When the escrow holder is in possession of a binding contract between the buyer and seller, it is said to be a "complete escrow"; D: The escrow officer acts as an arbitrator of arguments between the buyer and seller.
Important EC issues include
A) time and place. B) liability. C) defamation. D) all of the above.