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Simone is a manager of Rolling Hills Resort LLC,a limited liability company.Rolling Hills is formed in a state that does not explicitly create fiduciary duties for LLC managers but does require the exercise of good business judgment.Unless a court rules otherwise,Simone owes fiduciary duties to
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.
Gasoline
A volatile, flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.
Demand Curve
A chart that illustrates how the quantity of a product demanded by customers correlates with its price.
Normal Good
A product whose demand increases when people's incomes increase, and falls when incomes decrease, all else being equal.
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