If a Member of an LLC Executes a Personal Guarantee

question 37

Multiple Choice

If a member of an LLC executes a personal guarantee for the debt of an LLC,which of the following is true?

• A) The personal guarantee would be unenforceable because it would circumvent the limited liability of the member.
• B) The personal guarantee would result in personal liability of the member for any obligation of the LLC.
• C) Because of the member's apparent authority,the personal guarantee would create liability for all other members if the LLC is a member-managed LLC.
• D) The member will have personal liability according to the terms of the guarantee,but would not be personally liable for any other obligations of the LLC.

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