In in Re 1545 Ocean Avenue, LCC, Where the Two

question 384

Multiple Choice

In In re 1545 Ocean Avenue, LCC, where the two managers of a real estate development limited liability company disagreed about the project and one of the managers, King, sued for work to stop and the company to be dissolved, the appeals court reversed the trial court's decision to grant King's requests because:

• A) the operating agreement gave King only a 49% share of power, so he could not dissolve the company
• B) there was sufficient evidence that the LLC could not effectively operate under the operating agreement
• C) there was not sufficient evidence that the LLC could effectively operate under the operating agreement
• D) the operating agreement specified that one manager could not dissolve the LCC
• E) none of the other choices are correct

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Definitions:

Green Marketing

Marketing efforts designed to promote products or services based on their environmental benefits or sustainability, often appealing to eco-conscious consumers.

Refillable Containers

Containers designed to be reused for the same purpose, allowing consumers to refill the product instead of disposing of the container.

Downy

In a non-brand context, the term can refer to anything characterized by being soft, fluffy, or tender, often used to describe textures.

False Claims

False claims refer to assertions or statements made that are untrue or misleading, often used in advertising or legal contexts.