XYZ Oil Corp. wants to form a new entity to raise money for a drilling venture in the Moxa Arch region of Wyoming. They need to raise $100 million and they want to be able to provide tax advantages and limited liability to their investors while maintaining complete control. of all business decisions. Their best business form for this venture would be: O A. A subsidiary C Corporation O B. Limited partnership with XYZ as general partner and investors as limited partners O C. None of the other answers is correct O D. Sole proprietorship O E. General partnership QUESTION 51 Even when a defendant's negligence is established, it is still possible for such defendant to avoid tort liability by raising and proving one of several defenses. Such defenses do NOT include O A comparative negligence O B. contributory negligence O c. res ipsa loquitur O D. none of the other answers (IE, all of them are available defenses) OE assumption of the riskLimited partners in a limited partnership OA. lose their limitation of liability protection if they engage in management activities for the partnership O B. share in partnership profits O C. have liability for business losses only to the extent of their investment in the partnership O D. all of the above O E. A and B only, but not C or D QUESTION 48 The required elements for a negligent/unintentional tort include O A. Breach of a duty O B. Causation O C. All answers are correct O D. Damages O E. Act or omission