A franchisee is not generally legally independent of the franchisor.

Luke and Maya form Northeast Air Express, a general partnership. The essential elements of this partnership do not include

A syndicate may be organized as a corporation or a partnership, or in some situations as no recognizable form of business organization.

Corporate officers are selected and removed by shareholders.

Corporate officers are selected and removed by shareholders.

The board of Management Consultants, Inc., can delegate some of its responsibilities to

A franchisee is not generally legally independent of the franchisor.

The board of Management Consultants, Inc., can delegate some of its responsibilities to

The members of a limited liability company have unlimited liability for any loss or injury caused by the wrongful acts or omissions of the firm.

Directors are expected to conduct a reasonable investigation of a situation before making a decision.