Next Generation Bar Exam Quiz
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BUSINESS ASSOCIATIONS AND RELATIONSHIPS
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Two members own Maple Street Studios, LLC. Grace is the managing member; Henry is not involved in management. For the last two years, Grace made no distributions to Henry. Instead, she used the profits to renovate a building that she personally owns. Henry wants to sue Grace for his unpaid share of the profits.
Which of the following facts, if true, would most strongly support Henry's ability to sue Grace for his unpaid share of the profits?
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