Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities?

Published by admin at October 5, 2023

Tags

A. LLC – LLC members

B. Corporation – Corporation and Limited Partnership – General Partner

C. General Partnership – Partnership

D. Corporation – Corporation

E. Limited Partnership – General Partner.

My response is D based on the phrase “paired with”. Please advise if you agree. Corporations are responsible for the legal liabilities of the organization. Thanks

Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities?

"Get 15% discount on your first 3 orders with us" Use the following coupon FIRST15

Related posts

a running track measures 1056 ft per lap. to run 15.0 km how many laps should you run? How do you break the equation down into a solution map?

A local magic shop has a monopoly on the production of magic wands. Each customer wants only one magic wand, and the table below shows each…

A machine produces pipes used in airplanes. The average length of the pipe is 16 inches. The acceptable variance for the length is .3 inches. A…

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15