A Business Form Devised to Avoid the Burdens of Corporate

question 23

Multiple Choice

A business form devised to avoid the burdens of corporate regulation, particularly the formerly widespread prohibition denying corporations the power to own and deal in real estate, and used primarily for asset securitization ventures is the:

• A) limited liability limited partnership.
• B) limited partnership.
• C) limited liability company.
• D) business trust.

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Definitions:

Deductible

A deductible is the amount a policyholder must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.

Major Surgery

A type of surgical procedure that involves significant bodily alterations, typically requiring anesthesia and a period of hospitalization.

Insurance Premiums

Payments made periodically to an insurance company in exchange for coverage and protection against financial loss.

Deductible

An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.