The Duty of Care for Managers and Members Includes the Duty

question 66

True/False

The duty of care for managers and members includes the duty not to usurp the LLC's (limited liability company's) opportunities.

---

Definitions:

Solicits Information

Solicits information refers to the act of requesting or seeking out specific data, facts, or responses from individuals or entities, usually for analysis, decision-making, or problem-solving.

Flattery

The act of giving excessive compliments, often insincerely, to gain favor or advantage from someone.

Grant Proposal

A formal request or plan submitted to an organization or government body requesting funding for a project or initiative, detailing objectives, methodology, and budget.

Legislative Proposal

A recommendation for new laws or amendments to existing laws, formally introduced for consideration by a legislative body.