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:

Causal Attribution

The process by which individuals explain the causes of behavior and events, attributing them to internal dispositions or external situations.

Fundamental Attribution Error

The tendency for observers to overestimate personality or dispositional causes for someone else's behavior and underestimate situational influences.

Ease of Retrieval Effect

The phenomenon where individuals judge the frequency or likelihood of an event based on how easily examples of the event come to mind.

Long-Term Memories

Memories that can be retained for an extended period, potentially a lifetime, including factual, experiential, and conceptual information.