Author Question: Harold and Zack have pooled their money together to buy real estate but have filed no formal papers ... (Read 62 times)

joesmith1212 · **on:** Jun 24, 2018

Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a
A)partnership.
B)close corporation.
C)limited liability company.
D)professional corporation.

Question 2

The concept that runs throughout the GATT requires that the products of all nations be treated equally and without discrimination by importing nations. This is the principal behind:
A) nullification and impairment.
B) most-favored-nation trade.
C) ad valorem tariffs.
D) nontariff trade barriers.