In a Limited Liability Company, Members Act as Agents of the LLC

question 70

True/False

In a limited liability company, members act as agents of the LLC but are not personally liable to third parties.

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Definitions:

Jump-To-Label Instruction

An instruction used in programming to immediately transfer execution to a specified point in the code.

Jumped Rungs

Segments of logic in a PLC program that are skipped or bypassed during execution due to conditional instructions.

Immediate Input

Refers to a type of input in programmable logic controllers (PLCs) that is processed as soon as the state change is detected without waiting for the rest of the program to be executed.

Immediate Output

An output action in a control system that occurs directly in response to an input condition without delay.