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Unformatted text preview: a. California Community Property Act b. Family Law Act c. Equal Property Act d. Family Distribution Act 7. When determining division of community property, the court will usually presume: a. all property acquired during marriage is community property b. all property is community property c. all property is held in joint tenancy d. none of the above 8. A husband and wife can co-own property as: a. community property b. joint tenants c. tenants in common d. any of the above 9. The most sophisticated form of association is the: a. general partnership b. limited liability company c. corporation d. unincorporated association 10. A chief drawback of the corporate form of organization is: a. lack of power in the board of directors b. stockholder power in the day-to-day operations c. stockholder liability for corporate debts d. double taxation 1...
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- Spring '11