Limited liability mean - Study guides, Class notes & Summaries

NALA Paralegal Exam Questions & Answers 2024/2025 For federal tax purposes, the default tax classification of a limited liability company that has 1 member is: - ANSWERSDisregarded Entity Informed consent involves: - ANSWERSThe duty of a medical doctor to disclose to the patient relevant information about the benefits and risks of the proposed treatment. Rob Miller is married to Laura Miller. They are approaching their late 40's and Rob decides they should have an estate plan. Rob go...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

Texas All-Lines Adjuster course Final Exam Questions With Complete Solutions(100%verified) A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - correct answer...We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of ...

a person who holds a broker's license, and who is exclusively affiliated with, and sponsored by, another licensed real estate broker to participate in any activity described in this section - Associate broker an agreement whereby one party, the franchisor, authorizes a real estate broker, the franchisee, to use registered trademarks or other advertising tools to create a common identity among several brokers nationally, or regionally, for marketing purposes - Franchise agreement an indiv...

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

Test Bank for Basic and Clinical Pharmacology 14th Edition Katzung Trevor Table of Contents Chapter 1. Introduction: The Nature of Drugs & Drug Development & Regulation .................................. 3 Chapter 2- Drug Receptors & Pharmacodynamics ............................................................................... 22 Chapter 3. Pharmacokinetics & Pharmacodynamics: Rational Dosing & the Time Course of Drug Action ........................................................................

What are the legal requirements in creating a sole proprietorship? correct answers There are no formal legal requirements. The owner and the business are the same legal entity.The owner creates a sole proprietorship simply by beginning to operate the business. Is it mandatory to register a name for a sole proprietorship? correct answers No, as long as the business name is the same as the owner's name. However, if the name isdifferent, the government requires that the business name be registe...

What course of action does a party to a contract have if the other party is found to be in breach of that contract? - Answer-Damages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - Answer-implied warranty What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance business for which is valid, a...

a person who holds a broker's license, and who is exclusively affiliated with, and sponsored by, another licensed real estate broker to participate in any activity described in this section - Associate broker an agreement whereby one party, the franchisor, authorizes a real estate broker, the franchisee, to use registered trademarks or other advertising tools to create a common identity among several brokers nationally, or regionally, for marketing purposes - Franchise agreement an indiv...

What is an example of a "Sunshine Law?" - Legislation guaranteeing access to data held by the state. Over 85 countries have laws guaranteeing open records by the government. What is cognitive dissonance? - Occurs when one holds two conflicting ideas simultaneously. Theoretically this provides a motivation to reconcile these two ideas, often by changing opinions and actions. What is the US Committee on Ways and Means responsible for? - Responsible for taxation, tariffs, and revenue. Has a...