Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the
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Question:
Which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity's liabilities?
A. LLC - LLC members
B. Corporation - Corporation and Limited Partnership - General Partner
C. General Partnership - Partnership
D. Corporation - Corporation
E. Limited Partnership - General Partner.
My response is D based on the phrase "paired with". Please advise if you agree. Corporations are responsible forthe legal liabilities of the organization. Thanks
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