The Relation of the Parties Taking Part in a Limited

question 405

Multiple Choice

The relation of the parties taking part in a limited liability company are:

• A) there are two or more members
• B) members have unlimited liability for business debts
• C) the parties have a membership interest in the business
• D) there are two or more members and the parties have a membership interest in the business
• E) there are two or more members, members have unlimited liability for business debts, and the parties have a membership interest in the business

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Definitions:

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