Eric also bought couple of rental properties on his own, Ask an Expert

Management Studies

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

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M932956

Have any Question?

Related Questions in Business Management

What are the pros and cons of allowing the ceo of a company

What are the pros and cons of allowing the CEO of a company to also serve as the Chair of the Board? Please provide an example of a situation where this was positive or a situation where this was negative.

Assignment -prepare swot analysis for the chosen company

Assignment - Prepare SWOT Analysis for the chosen company (FEDEX). Please use the attached template. SWOT Analysis - Opportunity - Strength: What are the company's advantages? What does the company do well? What relevant ...

Assume that the market for unskilled labour in australia is

Assume that the market for unskilled labour in Australia is a competitive market and can be described by the following demand and supply curves: D = 1,500,000 - 60,000W S = 120,000W - 1,200,000 Where W = wage rate per ho ...

In class we were discussing different types of learningwhat

In class we were discussing different types of learning What is the difference between Institutional Learning and System Learning? Is it possible to transition from one to the other in the business setting?

Differentiate between strategy and operational

Differentiate between strategy and operational effectiveness. Why are they commonly confused?

We were discussing the concept of systems thinking and how

We were discussing the concept of Systems thinking and how it is essentially learning about oneself in interaction with the surrounding world How do you applying this concept to the work environment,

Compute the cross elasticity of demand and characterize the

Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate) a. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy Price: ...

How the impactvaluebenefit of the opportunity for

How the impact/value/benefit of the opportunity for innovation will be evaluated post implementation?

Is project control different in an agile project what is

Is project control different in an Agile project? What is the role of a project manager in controlling an Agile project? What is the role of the project client, sponsor, or customer at controlling project changes?

Michael porter says that the essence of strategy is

Michael Porter says that" the essence of strategy is choosing what not to do." Using a company of your choice, illustrate Porter's statement.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert