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A member or a shareholder is the owner of a limited liability company.()

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During the sale of a house, if the seller does not inform. the buyer about construction flaws of the house despite the buyer's inquiry, the seller is liable for fraud by concealment.()

Minor breach occurs when a party renders substantial performance of his or her contractual duties.()

Goods in possession of bailees are considered to be in transit.()

If the law requires that a contract be in writing, failure of such a contract to be in writing does not impact its enforcement.()

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