Jay is a member of Kappa, LLC, a limited liability company. Jay is liable for Kappa's debts
A) in proportion to the total number of members.
B) to the extent of his capital contribution.
C) to the extent that the other members do not pay the debts.
D) to the full extent.
Correct Answer:
Verified
Q30: Kris is a member of Laboratory Services,LLC,a
Q36: High Pointe LLC's members include Irvin.For purposes
Q39: Bee Hive Honey,LLC's members include Chad.For purposes
Q43: Cookie Kiosk LLC's members and managers are
Q44: Denny and Erv want to form a
Q45: Serious Gamers, LLC, is a limited liability
Q46: Energy Resources, LLC, is a limited liability
Q47: Mit-E Mart LLC was formed in New
Q50: Bill is considering forms of business organization
Q52: Dan is considering forms of business organization
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents