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:

Situational Couple Violence

A pattern of physical violence between intimate partners that arises from a specific argument and is not part of a campaign to control the partner.

Primary Perpetrator

The main individual responsible for committing a specific act or offense, particularly in contexts of crime or abuse.

Dominate

To exert control or influence over; to be the most prominent or powerful entity in a given situation.

Unusually Large Amount

A quantity significantly greater than what is standard or expected.