Orchard Farms is a family limited liability partnership (FLLP). In an FLLP, all of the partners must be
a. natural persons only.
b. persons acting as fiduciaries for natural persons only.
c. natural persons or persons acting as fiduciaries for natural persons.
d. none of the above.
a. natural persons only.
b. persons acting as fiduciaries for natural persons only.
c. natural persons or persons acting as fiduciaries for natural persons.
d. none of the above.
c. natural persons or persons acting as fiduciaries for natural persons.
Begründung:
fiduciary- Treuehänder, Vermögensverwalter
(see Definition- it's the condition for FLLP)
Begründung:
fiduciary- Treuehänder, Vermögensverwalter
(see Definition- it's the condition for FLLP)
Tags: Family Limited Liability Partnerships (FLLP)
Source: P 128 oben. 1. Absatz des Kapitels
Source: P 128 oben. 1. Absatz des Kapitels
Flashcard set info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010
Tags: Exam Year 1
Card tags:
All cards (125)
? (1)
2nd Absatz (2)
Business Trust (2)
Conversion (1)
Defamation (1)
Dissolution LP (1)
Distributorship (2)
Domestic (1)
Family Limited Liability Partnerships (FLLP) (1)
First sentence (2)
Franchise (1)
Joint venture (2)
last sentence (1)
LLC (1)
Negligence (1)
Partnerships (1)
point 2 (1)
Preferred Stock (1)
Preferred stocks (1)
Self-defense (1)
Slander of Title (1)
Stocks (3)
Syndicate (2)
Trespass to Land (1)