All of the Following Persons Are Covered Under Larry's PAP

question 3

Multiple Choice

All of the following persons are covered under Larry's PAP except:

• A)Larry's wife borrows a neighbor's car
• B)Larry's son borrows a friend's car to get to work
• C)Larry while driving a car he borrowed from his employer to run an errand
• D)Larry while driving a borrowed commercial wrecker truck to tow his car to a repair garage

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Definitions:

Limited Liability Company

A corporate entity framework that marries the limited liability protections of a corporation with the tax flow-through benefits of partnerships and sole proprietorships.

Membership

The state of being a member or part of a group, organization, or society, often with specific rights and responsibilities.

Dissociation

The process by which a member's involvement in an entity, such as a partnership or limited liability company, ends.

Duty of Care

A legal obligation to avoid actions or omissions that could foreseeably harm others.