Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities?
Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities?
A. LLC – LLC members
B. Corporation – Corporation and Limited Partnership – General Partner
C. General Partnership – Partnership
D. Corporation – Corporation
E. Limited Partnership – General Partner.
My response is D based on the phrase “paired with”. Please advise if you agree. Corporations are responsible for the legal liabilities of the organization. Thanks
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Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities? was first posted on August 14, 2020 at 11:56 pm.
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Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity’s liabilities? was first posted on August 15, 2020 at 12:00 am.
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