Question 35

What would it indicate to you if you see the letters L.S. in the corner of a contract?

		It is a Uniform Commercial Code contract
		It is a unilateral contract
		It is an invalid contract
		It is a formal contract

Question 36

Limited partners in a limited partnership are permitted to manage the partnership.

True

False

Question 37

Which of the following best defines an equal dignity statute?

		A statute that authorizes agents to act on the behalf of their principal without authorization by their principal
		A statute that requires that if the contract being executed is or must be in writing, then the agents authority must also be in writing
		A statute that requires that governments avoid discriminating against individuals in business, based on race
		A statute that requires that all principals avoid discriminating against their agents on the basis of race