CA Foundation Exam  >  CA Foundation Tests  >  Business Laws for CA Foundation  >  Test: Limited Partnership Liability- 1 - CA Foundation MCQ

Test: Limited Partnership Liability- 1 - CA Foundation MCQ


Test Description

15 Questions MCQ Test Business Laws for CA Foundation - Test: Limited Partnership Liability- 1

Test: Limited Partnership Liability- 1 for CA Foundation 2024 is part of Business Laws for CA Foundation preparation. The Test: Limited Partnership Liability- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Limited Partnership Liability- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Limited Partnership Liability- 1 below.
Solutions of Test: Limited Partnership Liability- 1 questions in English are available as part of our Business Laws for CA Foundation for CA Foundation & Test: Limited Partnership Liability- 1 solutions in Hindi for Business Laws for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Limited Partnership Liability- 1 | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Business Laws for CA Foundation for CA Foundation Exam | Download free PDF with solutions
Test: Limited Partnership Liability- 1 - Question 1

In a ________-managed limited liability company (LLC), the members of the LLC have the right to manage the LLC.

Test: Limited Partnership Liability- 1 - Question 2

In a ________-managed limited liability company (LLC), the members designate a manager or managers to manage the LLC and delegate their management rights to the manager or managers.

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Limited Partnership Liability- 1 - Question 3

A member of a member-managed limited liability company (LLC) and a manager of a manager-managed LLC owe a fiduciary duty of ________ to the LLC. This means that these parties must act honestly in their dealings with the LLC.

Test: Limited Partnership Liability- 1 - Question 4

Which of the following is true of an LLC?

Test: Limited Partnership Liability- 1 - Question 5

A ________ partnership is a special form of partnership in which all partners are limited partners, and there are no general partners.

Test: Limited Partnership Liability- 1 - Question 6

A limited liability partnership (LLP) is created formally by filing ________ of partnership with the secretary of state of the state in which the LLP is organized.

Test: Limited Partnership Liability- 1 - Question 7

A limited liability partnership (LLC) is a(n) ________ LLP in the state in which it is organized.

Test: Limited Partnership Liability- 1 - Question 8

A franchise is established when one party, the ________, licenses another party, the ________, to use the franchisor's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.

Test: Limited Partnership Liability- 1 - Question 9

In a(n) ________ franchise, the franchisor manufactures a product and licenses a retail dealer to distribute the product to the public.

Test: Limited Partnership Liability- 1 - Question 10

In a(n) ________ franchise, the franchisor provides a secret formula or the like to the franchisee; the franchisee then manufactures the product at its own location and distributes it to retail dealers.

Test: Limited Partnership Liability- 1 - Question 11

In a(n) ________, the franchisor licenses the franchisee to make and sell its products or services to the public from a retail outlet serving an exclusive geographical territory.

Test: Limited Partnership Liability- 1 - Question 12

In a(n) ________ franchise, the franchisor authorizes the franchisee to negotiate and sell franchises on behalf of the franchisor.

Test: Limited Partnership Liability- 1 - Question 13

The franchisor deals with the franchisee as a(n) ________.

Test: Limited Partnership Liability- 1 - Question 14

Which of the following is true of the franchisor and franchisee in a general franchise that is organized and operated properly?

Test: Limited Partnership Liability- 1 - Question 15

A franchisee needs to acquire a(n) ________ with the franchisor which will give the franchisee the right to use the franchisor's trademarks, service marks, trade names, and other intellectual property in the distribution of goods, services, software, and digital information.

51 videos|110 docs|57 tests
Information about Test: Limited Partnership Liability- 1 Page
In this test you can find the Exam questions for Test: Limited Partnership Liability- 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Limited Partnership Liability- 1, EduRev gives you an ample number of Online tests for practice

Top Courses for CA Foundation

51 videos|110 docs|57 tests
Download as PDF

Top Courses for CA Foundation