Question: When the limited liability company ( LLC ) is manager managed, _ _ _ _ _ . Question 1 options: all member votes have equal
When the limited liability company LLC is manager managed,
Question options:
all member votes have equal weights
nonmanager members also have duty of care and fiduciary duty
only managers have the legal authority to bind the firm
all members have actual and apparent authority to bind the LLC to contracts on its behalf
firm decisions that are extraordinary can be taken only by its manager members
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