MATCHING Match Each Description with the Item Below

question 64

Multiple Choice

MATCHING
Match each description with the item below.
-Eight "lords proprietors"

• A)Carolina
• B)Georgia
• C)Maryland
• D)Massachusetts Bay
• E)New Jersey
• F)New Netherland
• G)Pennsylvania
• H)Plymouth
• I)Rhode Island
• J)Virginia

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Definitions:

Default

Failure to fulfill a legal obligation, especially failure to pay a debt on time.

Profit Share

This refers to a portion of a company's profits allocated to its employees, shareholders, or partners as a form of incentive or bonus.

LLC

Limited Liability Company; a business structure in the U.S. that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Nonwrongful Dissociation

This term refers to a situation where a partner leaves a partnership in accordance with the terms of the partnership agreement and/or applicable law, without incurring liability for wrongful dissociation.