Which of the Following Is True of Liabilities of LLCs

question 69

Multiple Choice

Which of the following is true of liabilities of LLCs?

• A)Members of the LLC are liable to the extent of their capital contribution.
• B)Managers of LLCs are personally liable for the debts, obligations, and liabilities of the LLC.
• C)LLCs are not liable for any loss or injury caused by their employees.
• D)LLCs are not liable for losses caused due to negligence of their managers during the ordinary course of business.

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Definitions:

Southern Italy

The region of Italy encompassing the southern part of the Italian Peninsula, known for its distinct historical, cultural, and geographical characteristics.

Industrialized

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving large-scale industry and infrastructure development.

Treaty of Prague

An agreement concluded in 1866 after the Austro-Prussian War, leading to the dissolution of the German Confederation and the establishment of the North German Confederation.