Which of the Following Is True of Limited Liability Companies

question 2

Multiple Choice

Which of the following is true of limited liability companies?

• A)An LLC can be sued by third-parties as a separate entity.
• B)An LLC cannot enter into contracts under its own name.
• C)An LLC is a legal entity indistinct from its members.
• D)An LLC cannot be a manager-managed business entity.

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Definitions:

Consummate Love

A theory proposed by psychologist Robert Sternberg that describes a complete form of love consisting of three components: intimacy, passion, and commitment.

Triangular Model

Often refers to the Triangular Theory of Love, which outlines three components of love: intimacy, passion, and commitment.

Compassionate Love

A form of love characterized by mutual respect, attachment, and affection, with a strong focus on caring for the well-being of the other person.

Social Exchange Theory

A theoretical perspective that explains social behavior in terms of an exchange process, aiming to maximize benefits and minimize costs in relationships.