Which Person Would Generally Be Treated as a Material Participant

question 123

Multiple Choice

Which person would generally be treated as a material participant in an activity?

• A)A participant in a rental activity
• B)A limited partner
• C)An LLC member not involved with management of the LLC
• D)A general partner

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Definitions:

Monroe Doctrine

A United States policy that opposed European colonialism in the Americas, stating that any intervention by external powers in the politics of the Americas would be seen as an act of aggression.

Issuance Factors

Factors that are considered when issuing a policy, debt, or securities which may include market conditions, regulatory requirements, and the financial health of the issuer.

Joint Statement

An official declaration or announcement issued together by two or more parties, typically by governments or organizations.

Panic of 1819

The first major peacetime financial crisis in the United States, followed by a general collapse of the American economy lasting until 1821.