The owner of an LLC (limited liability company) is called a ________

A) general partner
B) limited partner
C) proprietor
D) member

D

Business

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A standard subdivision includes

a. single-family residences and condominiums. b. no common interests. c. only residential property. d. no irregularly shaped parcels.

Business

Jim Wallace, an agent for Lux, made a contract with Doolittle that exceeded Wallace's authority. If Lux wishes to hold Doolittle to the contract, Lux must prove that

A. Lux ratified the contract before withdrawal from the contract by Doolittle. B. Wallace was acting in the capacity of an agent for an undisclosed principal. C. Wallace believed he was acting within the scope of his authority. D. Wallace was Lux's general agent even though Wallace exceeded his authority.

Business