Albert and Edward Have Just Become Lawyers and Wish to Set

question 54

Multiple Choice

Albert and Edward have just become lawyers and wish to set up a practice together.In order to best protect themselves,they should conduct the practice as a

• A)corporation.
• B)general partnership.
• C)joint venture.
• D)limited liability partnership.
• E)limited partnership.

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Definitions:

Desert Wash

A sandy or gravel-rich channel in a desert or other arid region.

Alluvial Fan

A fan-shaped deposit formed where a fast-flowing stream flattens, slows, and spreads out sediment at the base of mountains.

Desert Varnish

A thin, dark coating found on the surfaces of rocks in arid environments, composed of clay minerals mixed with iron and manganese oxides.

Playa

A flat-bottomed desert basin that temporarily becomes a shallow lake after rainfall.