The only legal ground for disallowing a creditor's claim is insolvency.
a. True
b. False
Q. #2What does a paralegal need to start the research for a project?
A) Facts of the issue
B) Retainer agreement
C) Access to Westlaw
D) None of the above
Q. #3The branch of government that passes legislation and makes new laws is:
A) legislative.
B) judiciary.
C) executive.
D) law school.
Q. #4__________ are people or entities to whom money is owed.
Fill in the blank(s) with correct word
Q. #5Facts that are crucial to a case and have legal significance are:
A) immaterial.
B) relevant.
C) criminal.
D) civil.
Q. #6Explain the roles of directors, officers, and shareholders in a corporation.
What will be an ideal response?
Q. #7If a creditor does not file a claim against the estate, the personal representative may not have to pay that creditor.
a. True
b. False
Q. #8What type of business entity is an organization providing limited liability to partners without restrictions of limited partnership often used by lawyers and accountants?
a. Limited partnership
b. General partnership
c. Limited liability partnership
d. Limited liability company
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