A Defendant Cannot Assert Affirmative Defenses in an Answer; Instead,the

question 105

True/False

A defendant cannot assert affirmative defenses in an answer; instead,the defendant must assert affirmative defenses in a cross-complaint.

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Definitions:

Dividends

Net profits, or surplus, set aside for shareholders.

Dissolution

A change in the relation of partners caused by any partner ceasing to be associated in the carrying on of the business.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce.