Author Question: Which of the following organization forms accounts for the most revenue? A) S corporation B) ... (Read 58 times)

Collmarie · **on:** Jul 11, 2018

Which of the following organization forms accounts for the most revenue?

A) S corporation
B) Limited partnership
C) C corporation
D) Limited liability company

Question 2

One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party.

A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example. This liability loss exposure is
A) premises and operations liability.
B) contractual liability.
C) products and completed operations liability.
D) contingent liability.