The ________ Is a Federal Act Designed to Prevent Fraud

question 67

Multiple Choice

The ________ is a federal act designed to prevent fraud and other abuses associated with private pension funds.

• A) Employee Retirement Income Security Act
• B) Consolidated Omnibus Budget Reconciliation Act
• C) Fair Labor Standards Act
• D) Family and Medical Leave Act

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Definitions:

LLCs Members

Individuals or entities that hold ownership interest in a Limited Liability Company and have rights and responsibilities as outlined in the LLC agreement.

RULLCA

Revised Uniform Limited Liability Company Act; a standard law adopted by some states to govern the formation, operation, and dissolution of LLCs.

RULLCA

The Revised Uniform Limited Liability Company Act, which provides a comprehensive model act for the formation, operation, and dissolution of LLCs in the United States.

Default Rules

Default rules are legally established standards that apply when parties to a contract do not stipulate their own arrangements or when such arrangements are not legally enforceable.