Author Question: What type of business entity is an organization providing limited liability to partners without ... (Read 68 times)

DelorasTo · **on:** Aug 3, 2018

What type of business entity is an organization providing limited liability to partners without restrictions of limited partnership often used by lawyers and accountants?

a. Limited partnership
b. General partnership
c. Limited liability partnership
d. Limited liability company

Question 2

Creditor X filed a claim against the estate and the personal representative denied the claim because there was not enough money to pay the creditor. On what basis was Creditor X's claim disallowed?

a. Estate insolvency
b. Presentation of the claim after the expiration date
c. The claim is incorrect or invalid
d. Statute of limitations