The ________ is a duty owed by a member of an LLC to not act adversely to the interests of the LLC.

Question

Quizplus · Accepted Answer

The duty described in the question is known as the duty of loyalty, which is a fundamental duty owed by LLC members to act in good faith and in the best interests of the LLC. The duty of discharge is not a recognized duty in an LLC, the duty of restitution refers to the obligation to return assets to the LLC, and the duty of resolution is not a recognized duty in an LLC context.

The ________ Is a Duty Owed by a Member of an LLC