A limited liability corporation is a hybrid of a publicly held corporation and a partnership
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: A limited liability corporation combines features of a publicly held corporation which benefits from limited liability and a partnership in which owners are taxed as partners.
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Common stock represents the basic ownership of every corporation
Indicate whether the statement is true or false
Which of the following statements concerning a safety clause in a listing agreement is CORRECT?
A. State statute will determine how many days of protection are appropriate for the safety clause. B. If during the safety clause period the owner re-lists the property with a new broker the owner could be liable for two commissions. C. A safety clause to seller should be informer by phone of any person who inspected the property during the listing period. D. To enforce the safety clause the seller should be informed by the phone of any person who inspected the property during th listing period.