Law

Question 15 Generally, the biggest difference between a limited liability compary (LLC) and a traditional partnership is. Managers in an LLC have the right to vote dividends for stock while partners do not. Managers in an LLC are subject to double taxation, while partners are not. Managers in an LLC have limited personal liability as to most obligations, while partners have unlimited personal liability Managers in an LLC have no personal liability with respect to any obligation of the LLC, while partners have limited personal liability Which of the following situations is a correct statement regarding strict products liability in tort? A manufacturer manufactures a car with a defective design without any fault. A manufacturer breaches a duty of care in manufacturing a defective car. A manufacture must knowingly decide not to warn customers of certain inherent dangers in a product. None of the above