If the defendant is in custody for any offense, the

determination of whether probable cause exists must be

made: - Correct Answer ✅within 48 hours of arrest. The

state is permitted to two 24-hour extensions, for good cause.

(total maximum of 96 hours)

The trustees of a business trust are usually held personally

liable to trust creditors. - Correct Answer ✅However,

contractual exculpatory clauses negating the trustees'

personal liability and relegating creditors to the trust assets

are quite common and are generally held valid. Even absent

such clauses, however, when a trustee is found liable, she is

usually entitled to indemnification from the trust, and

judgment creditors of the trustee may have an equitable

derivative right to enforce the trustee's indemnification rights

for their own benefit.

All partners are jointly and severally liable for all obligations

of the partnership, whether the obligations arise in contract

or tort. Thus, an action may be brought against one or more

of the partners or the partnership. A judgment against a

partnership, however, is not itself a judgment against a

partner. - Correct Answer ✅A judgment is not personally

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!
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