Question: All the business forms listed below have limited liability except: A. Subchapter S corporation. B. General partnership C. Limited liability company. D. Corporation. 27. The

All the business forms listed below have limited liability except: A. Subchapter "S" corporation. B. General partnership C. Limited liability company. D. Corporation. 27. The importance of a subchapter S corporation is: A. its treatment of shareholders for income taxation purposes. B. its requirement of restrictive transfer rights of the shares. C. its small cost of formation. D. its organizational structure. 8. A type of law that is not include in the category "Land Use Law" is: A. Flood control easement B. Common Law tort of "nuisance" C. City zoning ordinances D. County ordinances governing the size of streets in planned unit developments 29

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