Sam Muller and Toby Richardson Organize an LLC in the State

question 23

Multiple Choice

Sam Muller and Toby Richardson organize an LLC in the state of Delaware. In the articles of organization, they specify the duration of the LLC as 25 years from the date of filing the articles of organization. Which of the following is true in this context?

• A) The LLC is invalid as it does not specify a date of termination.
• B) The LLC may be dissolved at will any time after 25 years from the date of filing the articles of organization.
• C) Muller and Richardson have organized a valid term LLC.
• D) Muller and Richardson have organized an at-will LLC.

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Definitions:

Gender Equality

The state of equal access to resources and opportunities regardless of gender, including economic participation and decision-making, and the state of valuing different behaviors, aspirations and needs equally, irrespective of gender.

Benevolence

A disposition to do good or an act of kindness towards others.

Universalism

The ethical, philosophical, and theological concept that some ideas have universal application or applicability, transcending individual or cultural differences.

Occupational Role

The behavior and expectations associated with a particular job or position within an organization.