In Lieberman v. Wyoming, LLC, Lieberman dissociated from the LLC and demanded cash for his share of the company. The remaining members voted to continue the company, and the operating agreement discussed distribution in the case of dissolution but not simple dissociation. The court decided that:
A. Lieberman had rightfully dissociated from the company but since the operating agreement was silent as to distribution should the company continue, he forfeited all rights upon dissociation and should receive nothing
B. because the operating agreement was silent on the issue, the Uniform Limited Liability Company Act controlled and Lieberman should get his initial investment back but nothing above that
C. fundamental common law rules of fairness should apply and Lieberman was due a fair share to be decided by independent business analysts
D. Lieberman had rightfully dissociated from the company but since the operating agreement was silent as to distribution and state LLC law was also silent regarding the issue, Lieberman should get no distribution for dissociation but would retain his interest in the company until dissolution occurs.
Answers: 3
Business, 22.06.2019 11:00
Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.
Answers: 1
Business, 23.06.2019 00:40
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
Business, 23.06.2019 08:10
Suppose that in the year 2020 the price level in the fictional country of demet is 100, and the governement is considering
Answers: 2
Business, 23.06.2019 10:50
In the context in which your reading material uses the term traffic patterns are
Answers: 1
In Lieberman v. Wyoming, LLC, Lieberman dissociated from the LLC and demanded cash for his share of...
Mathematics, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Biology, 03.11.2020 04:50
Chemistry, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
English, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
English, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Mathematics, 03.11.2020 04:50
Arts, 03.11.2020 04:50