Ordinarily, Members of Manager-Managed LLCs Have Duties to the LLC

question 66

True/False

Ordinarily, members of manager-managed LLCs have duties to the LLC and its members by reason of being members.

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Definitions:

Simple Events

Fundamental events that cannot be decomposed into simpler components, representing a single outcome of a random experiment.

Simple Events

Fundamental events that cannot be broken down into simpler components within the context of a probability experiment.

Experiment

A procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Probability

A numerical expression between 0 and 1 that denotes the probability of a certain event happening.