one of three partners in CleanlTa commercial anitorial service. With respect to her interest in the firm, when she dies, her are most like entitled to a One-third of the value of the interest b. Nothing c. The buyout price paid by the firm for the interest d. A payout of her capital contribution without more 28. Charlie, Dnesh and Emory agree to be partners in FANTASTIC PIZZA, splitting the profits equally. Charlie contributes 65 percent of the capital. When FANTASTIC PIZZA is dissolved, its liabilities are greater than its assets. In the absence of a contrary agreement, the losses are paid by a. Charlie because he contributed most of the capital b. Dinesh and Emore because they contributed the least of the capital c. All of the partners in proportion to their shares of the profits d. All of the partners in proportion to their capital contributions 29. Wesley & Leslie Accountants, is a limited liability partnership (LLP). The major features of an LLP are that it limits the personal liability of the partners and a Only a few states have enacted LLP statutes b. LLP statutes do not vary from state to state c. It allows the partnership to continue as a pass-through tax entity d. It can only do business in the state in which it was formed 30. Estate Haven, LP, is a limited partnership that invests in residential real estate projects. Its limited partners include more than 150 sophisticated investors and investment professionals. An Estate Haven limited partner loses his or her limited liability if he or she Votes to sell or dissolve the firm b. Does not participate in the firm's management c. Participates in the firm's management d. Invests in a project that Estate Haven has declined 31. Alonso and Corbin are members of Very Vivacious Vacations LLC ("VVV), a limited liability company. With respect to VVV's liabilities, as members, Alonso and Corbin are shielded from a. All liability b. Personal liability c. "Alter ego" liability d. No liability 32. Gooey Desserts, LLC's members include Joe and Joanne. For purposes of suing and being sued, Gooey Desserts a. A non-entity b. An aggregate of its members c. A legal entity apart from its members d. A non participating third party