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Question
According to the RULPA, what liability does a corporation have if it is a general partner to a limited partnership?
A) unlimited personal liability
B) liability restricted to debts up to its capital contributions
C) liability of termination as partner
D) unlimited organizational capital liability
Answer
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Related questions
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The ________ School of jurisprudence maintains that the law is shaped by logic.
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The ________ School of jurisprudence emphasizes shaping laws based on morals and ethics.
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Stare decisis is the doctrine of ________.
A) providing proof to assert a fact in court
B) adhering to legal precedent
C) separating powers between state and religion
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A) the insistence for a court system that emphasized legal procedure rather than the merits of a case
B) the law courts' inability to hear all the cases presented to them
C) the increase in overseas trade and proliferation of piracy
D) the unfair results and limited remedies provided by the law courts
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Which of the following statements best indicates how chancery courts were different from law courts?
A) Chancery courts emphasized developing merchant laws rather than laws for the common citizen.
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What was the key reason for the creation of law courts during the early development of the English common law?
A) to administer law in a uniform manner
B) to help merchants form a standardized set of commercial laws
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What was the key factor in the development of the English common law?
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A) promoting social justice
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Ordinances are not codified into code books.
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Statutes are written laws that establish certain courses of conduct that covered parties can use as a form of guidance.
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Treaties are considered to be a part of the supreme law of the United States of America.
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Federal statutes take precedence over treaties.
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Administrative agencies are created by the judicial branch of government.
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________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.
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