Which of the following statements are true about limited liability companies (LLCs)? A. LLCs may not have members who are partnerships or corporations. B. LLCs are relatively easy to form, although articles of organization must be filed with the proper state authority and an operating agreement is advisable. C. Like general partnerships, LLCs terminate upon the death of their members and must be reconstituted if the parties desire to carry on the business. D. For LLCs, articles of organization must be filed with the proper state authority and the members must adopt a written operating agreement. E. All LLCs are taxed at the entity level. Which of the following statements are true about the Securities Act of 1933 (the "1933 Act") and the Securities Exchange Act of 1934 (the '1934 Act")? A. The 1933 Act and the 1934 Act were enacted in response to the stock market crash of 1929 and the Great Depression. B. The 1933 Act and the 1934 Act were related pieces of legislation designed to regulate, respectively, the initial issuance of stock and the trading of stock. C. The 1933 Act and the 1934 Act are model acts which have no force of law unless enacted by individual states. D. The 1933 Act and the 1934 Act enhance the reliability and stability of the securities markets. Select the best answer. A. The creation of an agency relationship requires no consent on the part of either the principal or the agent. B. The creation of an agency relationship requires the consent of both the principal and the agent C. The creation of an agency relationship requires the consent of the principal but not the consent of the agent D. The creation of an agency relationship requires the consent of the agent but not the consent of the principal. Select the statement that is most true. A. A general partnership is an unincorporated association of two or more owners each of whom must make equal financial investments in the venture. B. A general partnership is an unincorporated association of two or more owners who carry on a business for profit. Each owner is a general partner, but the partner who invests the most money has sole management rights and duties. C. A general partnership is an unincorporated association of two or more owners who carry on a business for profit. Each owner is a general partner. D. A general partnership is an unincorporated association of two or more owners who carry on a business. The business need not be carried on for profit. Each owner is a general partner