A Manager Does Not Owe a Duty of Loyalty to the LLC

question 10

True/False

A manager does not owe a duty of loyalty to the LLC as he or she is not a member of the LLC.

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Definitions:

Self-fulfilling Prophecy

A prediction that causes itself to become true due to the behavior it generates in believers.

Discriminatory Manner

Acting in a way that makes an unfair distinction in treating people, especially on the grounds of race, age, or sex.

Prejudicial Remarks

Statements or comments that are unfair or biased, often based on stereotypes, leading to the discrimination of individuals or groups.

Discrimination

The unfair or biased treatment of various groups of individuals, frequently rooted in differences such as racial background, age, gender, or physical abilities.