Examlex

Solved

MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 83

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Creates,tests,posts,and modifies Web pages


Definitions:

Limited Liability

A legal principle that limits the financial liability of company owners to the amount they've invested in the business, protecting personal assets from company debts and obligations.

Equally Liable

A condition under which multiple parties are held jointly responsible to the same extent for a legal obligation or debt.

LLC Member

An owner or part-owner of a Limited Liability Company, who contributes to the business and shares in its profits and losses.

Operation of Law

Legal changes or transfers that happen automatically due to existing laws rather than through an agreement or court order.

Related Questions