Blaw chapter 14 Study guides, Class notes & Summaries

BLAW CHAPTER 14 Exam Questions With Correct Answers (C) agency relationship - answerAn employment of an agent for the purpose of representation in establishing relations between a principal and third parties is known as a(n): (A) third party relationship (B) principal relationship (C) agency relationship (D) real relationship (E) representative relationship (B) principal - answerThrough an agency relationship, the agent becomes a representative of the: (A) third party (B) principal ...

BLAW 3310 Test 3 Schwemer Study Guide with Complete Solutions LLC and Personal Liability - Answer️️ -No member or manager is personally liable for all debts. Piercing the corporate veil - Answer️️ -A situation in which courts put aside limited liability and hold shareholders or directors personally liable for a corporation's actions or debts. Forming a partnership - Answer️️ -Either an oral or written agreement must be made between partners. Written is the most formal and ma...