Business, 17.04.2020 18:57 zombiechick180

Chan, Yuvi, Betty, and Bob form a member-managed LLC that sells antique commodities online. Betty secretly starts a competing business and makes secret profits through the business. Which of the following is true of the given scenario?

A) All the members can be held liable for breaching their duty.
B) Betty is liable for breaching her duty of care to the LLC.
C) Betty is liable for breaching her duty of loyalty to the LLC.
D) Betty can compete with the LLC without any legal liability.

Answers: 1

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Chan, Yuvi, Betty, and Bob form a member-managed LLC that sells antique commodities online. Betty se...