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Alice,Ted,and Bob Form a Limited Liability Company,and Hire Seline as a Manager.There

Question 122

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Alice,Ted,and Bob form a limited liability company,and hire Seline as a manager.There is no designation in the articles of organization as to whether the company is "member-managed" or" manager-managed." Alice and Ted contribute $5,000 in capital each.Bob contributes $50,000 in capital.The company makes motorcycles,and there is a dispute regarding whether to continue to sell a certain model,the "Model X." Alice and Ted want to stop selling it.Bob and Seline want to continue selling it.What will be the outcome?

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The company should continue selling the ...

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