Question: 1. What happens to a partnership in a dissolution? 2. How is a limited liability company (LLC) formed? 3. Please describe the corporate veil. 4.

1. What happens to a partnership in a dissolution?

2. How is a limited liability company (LLC) formed?

3. Please describe the corporate veil.

4. Please briefly discuss the source of corporate funds.

5. Please describe the duty of loyalty and care owed to a corporation by its directors.

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