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Eric is the member of manager-managed LLC but is not manager. This LLC invests in real estate and manages it as rental property in college town. Eric has made numerous suggestions to managers regarding property that he considers to be good buy. Eric, though, seldom performed even slightest investigation of property before recommending it to managing members. Eric also bought couple of rental properties on his own account, taking very careful and sneaky steps to make sure that other members of LLC didn't learn of these purchases. Which duties has Eric violated?

a. Loyalty and care
b. Good faith and fair dealing
c. Loyalty, care, and good faith and fair dealing
d. Loyalty
e. None of these

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M932956

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