business law

Which of following is true about the capital contributions of members to an LLC?
a) Capital contributions must be made in the form of Cash.
b)An unfulfilled promise to make a capital contribution is generally unenforceable.
c)Members are required to make equal contributions in order to maintain their limited liability.
d)A promise by a member to contribute services is excused if the member is unable to perform the particular services promised.
e)A member who promised to make a capital contribution is not discharged from the promise if the member dies without having made the contribution.

i beleive it is b, because partnership should be about each other advantages. what you think

  1. 👍 0
  2. 👎 0
  3. 👁 89
asked by singh

Respond to this Question

First Name

Your Response

Similar Questions

  1. business law

    Which of following is true about the capital contributions of members to an LLC? a) Capital contributions must be made in the form of Cash. b)An unfulfilled promise to make a capital contribution is generally unenforceable.

    asked by singh on April 12, 2007
  2. Criminology

    According to proponents of capital punishment, which of the following is a true statement? A. Capital punishment deters crime. B. Capital punishment is less expensive than imprisonment. C. Capital punishment is widely accepted in

    asked by Pat on December 13, 2014
  3. Math

    Rajesh distributed his capital 1/2 of the capital to his wife 1/3 to his son & remaining 50000 to his daughter.find total amount of his capital

    asked by Anonymous on June 11, 2018
  4. Accounting

    Why do revenues increase capital while expenses decrease capital? Because cash is a form of capital.

    asked by Laura on June 20, 2006
  5. Sociology

    If Andrea's parents have her take violin lessons, take a foreign language and attend science camp in hopes of her developing skills so she can get into a competitive college, is that an example of human capital or cultural

    asked by Jared on April 12, 2014
  6. Statistics

    Suppose it can be assumed that 60 percent of adults favor capital punishment. Find the probability that on a jury of twelve members: a) All will favor capital punishment. b) There will be a tie.

    asked by Sam on April 30, 2012
  7. Social Studies

    7. Training employees in a new software is an example of what method of improving productivity? A. growing human capital B. growing physical capital C. growing service capital** D. growing domestic capital 8.Which of these are

    asked by notmyusername on May 17, 2017
  8. Accounting

    Present value analysis-cost of capital National Leasing is evaluating the cost of capital to use in its capital budgeting process. Over the recent past, the company has averaged a return on equity of 12% and a return on investment

    asked by Linda on November 3, 2011
  9. Business Math

    You decided to join the partnership of august and april. August has a capital of 50,000 while april puts up a capital of 75,000. The three of you decided that your profit and loss ratio would be 1:2:3 for august,april and

    asked by TRIS on December 1, 2016
  10. geography

    What is the capital of Australia? Is Canberra the correct capital or is it Sydney ? I'm confused because it seems like sydney is the capital to one part..... Any help is appreciated . Thanks

    asked by Anonymous on April 5, 2018

More Similar Questions