Fiduciary duties of limited liability company members and managers · Bar Exam · Flashcards

QUESTION

A member of a member-managed LLC secretly opens a store that competes with the LLC. What duty has the member breached?

QUESTION

A member of a manager-managed LLC, who holds no management role, opens a competing business. On what ground has the member not breached a fiduciary duty?

QUESTION

A member of a member-managed LLC secretly opens a store that competes with the LLC. What duty has the member breached?

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