Examlex

Solved

Build-It Inc

question 16

Multiple Choice

Build-It Inc. applied an inexpensive but untested technique to brace a transit tunnel wall. The technique was legal but the tunnel collapsed, killing several commuters. Build-It's action was


Definitions:

Uniform Limited Liability Company Act

A comprehensive statute that provides a uniform regulatory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the states that adopt it.

Dissolve

To formally bring to an end a legal entity or agreement, such as a business corporation or a marriage.

Consecutive Days

Successive days that follow one after the other without interruption.

Franchise

A licensing arrangement where a franchisor allows a franchisee to use the franchisor's trademark, systems, and business model in return for a fee.

Related Questions