Which of the following is true about the ability of a member of an LLC to bind a
member-managed LLC to a contract?
A) Members of the LLC have authority to bind the LLC, and if this authority is restricted by
agreement, then it will terminate any risk of the member binding the LLC to a contract.
B) Members of the LLC have authority to bind the LLC to contracts only if this authority is
granted in the operating agreement.
C) Members of the LLC have authority to bind the LLC, and this authority cannot be taken
away.
D) Members of the LLC have authority to bind the LLC, and if this authority is restricted by
agreement, there remains a risk that the member retains apparent authority to bind the
LLC unless appropriate steps are taken.
D
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The tasks of information managers include all but which of the following?
A. Collecting the appropriate data B. Applying technology to convert data into information C. Directing the flow of information to the right people D. Deciding how information will be used to make decisions
Carlos believes that most court decisions and legal doctrines are best understood as efforts to promote an efficient allocation of resources in society. Carlos adheres to the ________ school of jurisprudence
A) natural law B) positivist C) sociological D) law and economics