6. Limited Liability Company (LLC) statues

a) place restrictions on the transferability of member interests

b) provide for continuity of life of the organization

c) provide for unlimited liability

d) all of the above

7) Business format franchisors typically provide franchisees

a) a manual setting forth operating procedures

b) specifications regarding advertising

c) training

d) all of the above

8) Which of the following characteristics is associated with general partnerships?

a) perpetual existence

b) limited alibility

c) double taxation

d) none of the above

9) A primary purpose of the Securities Act of 1993 is to

a) make certain that investors receive fair value when they buy stock issued by the corporations

b) provide disclosure of information to investors so they can make informed investment decisions

c) prevent the offering of securities thought to be risky

d) none of the above

10) Title insurance companies:

a) physically inspect the property you are trying to purchase

b) will not insure properties when there are any easements on the property

c) are not concerned with recorded liens against the property

d) none of the above