Carlos Is a Member of an LLC Along with Three

question 62

Multiple Choice

Carlos is a member of an LLC along with three others.After one year,despite their best efforts,the business closes and the bank that extended them a loan sues for repayment.The bank may

• A) sue Carlos for only 25 percent of its loss under rules pertaining to LLCs.
• B) sue Carlos for the entire amount because Carlos is jointly and severally liable for the loss.
• C) sue Carlos only if he is a managing member.
• D) sue the LLC but may not sue Carlos.

---

Definitions:

Distribution Center

A key facility in supply chain management where goods are received, stored, and then distributed to retailers or customers.

Optimal Solution

The best possible outcome or answer that meets all the criteria and constraints of a particular problem or situation.

Solver

A computational tool used to find optimal solutions to mathematical problems and equations.