Author Question: Which of the following categories of owners enjoy limited liability? A) all partners in a limited ... (Read 120 times)

imanialler

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Which of the following categories of owners enjoy limited liability?
 
  A) all partners in a limited partnership
  B) in a partnership, only the general partners
  C) common shareholders of a corporation
  D) only B and C above

Question 2

If the optional replacement cost coverage provision is not selected, how are losses settled under the building and personal property (BPP) coverage form?
 
  A) market value
  B) original purchase price
  C) actual cash value
  D) book value


vkodali

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Answer to Question 1

C

Answer to Question 2

Answer: C



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