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:

Cognitive Therapy

A form of psychotherapy that emphasizes the role of thinking in how we feel and in what we do, aimed at changing negative patterns of thought.

Major Depressive Disorder

A mental disorder characterized by a persistent and intense feeling of depression that affects how a person feels, thinks, and handles daily activities.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation while practicing relaxation techniques.

Fear of Public Speaking

A common form of anxiety where an individual feels an intense fear of performing or speaking in front of an audience.