Which of the Following Is True of Capital Contribution to an LLC

question 2

Multiple Choice

Which of the following is true of capital contribution to an LLC (limited liability company) ?

• A) Capital contribution can only be in the form of money or tangible property.
• B) Promissory notes are not considered capital contribution.
• C) A member's obligation to contribute capital is excused by the member's disability or other inability to perform.
• D) A member's obligation to contribute capital is not excused by the member's death.

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Definitions:

Molecular Formula

A representation of the types and numbers of atoms in a compound without showing how they're connected.

Quantitative Elemental Analysis

A method in chemistry for determining the percentage composition of each element within a compound.

Acidity

A measure of a substance's ability to donate a proton or accept an electron pair in reactions, commonly associated with pH in aqueous solutions.

Stronger Base

A species with a greater tendency to accept protons compared to another base, often characterized by its higher basicity constant (Kb).