Examlex
Point out the wrong statement.
Transferee
A person or entity to whom rights, interests, or titles are transferred from another party.
Transferable Interest
An interest in an entity, such as a partnership or LLC, that can be transferred or sold to another party.
RULLCA
An abbreviation for the Revised Uniform Limited Liability Company Act, which provides a legal framework for the formation and operation of LLCs in jurisdictions that have adopted it.
Interest
The cost of borrowing money, typically expressed as a percentage of the principal, or the income generated from an investment.
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