1

In 2019, the Illinois legislature passed a statute called the Cannabis Regulation and Tax Act, which legalized the recreational use of marijuana for people 21 and older. But under this law, it is still illegal for a person under 21 to possess or consume marijuana in Illinois for recreational purposes. If the Governor of Illinois decides that this law is too stringent and passes an executive order making it legal for anyone 18 and older to consume marijuana for recreational purposes, which law will govern -- the Cannabis Regulation and Tax Act or the Governor's executive order? (Assume that there is no relevant federal law that applies.)

The Cannabis Regulation and Tax Act because a statute is higher legal authority than an executive order

The Governor's executive order because it is more recent than the Cannabis Regulation and Tax Act

The Cannabis Regulation and Tax Act because it was written before the Governor's executive order

The Governor's executive order because an executive order is higher legal authority than a statute

2

Which of the following best describes how a limited partnership (LP) is different from a general partnership?

Limited partnerships have two tiers of partnership -- limited and general

There is no difference between the two; they are two names for the same type of partnership

The general partners in a limited partnership enjoy limited liability

Limited partnerships are limited to professional industries like doctors, lawyers, accountants, etc.