After Disassociating from an LLC,a Member Retains Apparent Authority to Bind

question 70

Multiple Choice

After disassociating from an LLC,a member retains apparent authority to bind the LLC:

• A) for 2 years to any party
• B) for 2 years to any party except those who know of the disassociation or who have received notice of it
• C) for a reasonable time to any party
• D) for a reasonable time to any party except those who have actual notice of the disassociation
• E) for 1 year to all parties

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Definitions:

Esteem Needs

Esteem needs are a human's desire for respect, self-esteem, and recognition from others, as posited in Maslow's hierarchy of needs.

Promotion

The act of raising someone to a higher position or rank, often accompanied by increased responsibilities and benefits.

ERG Theory

Clayton Alderfer's motivation theory that divides human needs into three categories: Existence, Relatedness, and Growth.

Relatedness Needs

The human need to form and maintain strong, stable interpersonal relationships.