l T-Mobile LTE 7:38 PM Done 6 of 6 15. What is an LLP TRUE OR FALSE-Iffalse, cor
ID: 384527 • Letter: L
Question
l T-Mobile LTE 7:38 PM Done 6 of 6 15. What is an LLP TRUE OR FALSE-Iffalse, correet thel es o e a se y Points) 1. The owners of a Limited Liability Company QLLC) 2. To recover damages caused by the explosion of demonstrate the negligence of the fireworks provider ) are calledshartholders. fireworks, a panty 3. In order to prove the "intent" element of an intentional tort, a plaintaft mu specifically meant to effect the particular harm suffered by her 4. Article 2 of the UCC governs transactions involving the sales of goods and 5. Partner A cannot be liable for the actions of Partner B if Partnet A did ne. specifically ratify or approve of the action of Partner B. 6. Privity of contract between the injured party and the alleged tontieasor is require to impose strict liability 7. A partnership must have a written partnership 8. An accommodation party can be a co-signor of a promissory note. agreement to be seen to excist. 9. A limited partner is liable to third parties to the full cxtent of the limt er who receives a shipment c aemed to hav partnership's debts and its other liabilitiesExplanation / Answer
1) False
The LLC has its own terms and owners are called as members instead of shareholders.
2) False
It is not necessary to show negligence on part of fireworks provider. It can be related to party itself, natural causes etc.
3) True
To prove the intent, it is very important to show the effect of particular harm suffered by her
4) False
Article 2 only governs sales of goods and not service between merchants
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