The validity of a provision permitting the franchisor to establish and enforce certain quality standards is questionable.

Tax Accounting, LLC, is a member-managed limited liability company. If the law in Tax Accounting’s state is like the law in most states, unless the members have agreed otherwise, decisions are made according to

A partner has a duty to devote time, skill and energy on behalf of the partnership business.

Laura owns and operates Meditation Center without creating a separate business organization. She receives all the profits from the fees for the classes and the sales of the center’s merchandise. This is most likely

A partner has a duty to devote time, skill and energy on behalf of the partnership business.

A cooperative cannot be incorporated.

Gina is a director on the board of Home Furnishings Inc. As a director, she may not

A cooperative cannot be incorporated.

A partner always has the power to dissociate from the partnership.

A partner always has the power to dissociate from the partnership.