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:

Language-like Behavior

Actions or patterns of vocalization that resemble or mimic the structure and usage of formal language.

Neurogenesis

The formation of new neurons; occurs primarily during prenatal development but may also occur at lesser levels in some brain areas during adulthood.

Amygdala

A part of the brain's limbic system involved in emotion, survival instincts, and memory.

Cerebellum

Part of the lower brain located behind the pons that controls and coordinates involuntary, rapid, fine motor movement and may have some cognitive functions.