Which of the Following Is True of Capital Contribution to an LLC

question 61

Multiple Choice

Which of the following is true of capital contribution to an LLC?

• A)Capital contribution can only be in the form of money or tangible property.
• B)Promissory notes are not considered capital contribution.
• C)A member's obligation to contribute capital is excused by the member's disability or other inability to perform.
• D)A member's obligation to contribute capital is not excused by the member's death.

---

Definitions:

Spherical

Having the shape of a sphere; completely round in three dimensions.

Squamous

Describes a type of flat, thin cells that are found in tissues lining certain internal organs and on the body's surface.

Stratified Squamous Epithelium

A type of epithelial tissue composed of multiple layers of cells, with the outermost layer being flat and scale-like, serving protective functions in areas subject to abrasion.

Stratified Cuboidal Epithelium

A type of tissue composed of multiple layers of cube-shaped cells, often found in sweat glands, mammary glands, and salivary glands.