In a manager-managed LLC,who among the following has the authority to bind the LLC to contracts?

Question

Quizplus · Accepted Answer

In a manager-managed LLC, it is the managers who have the authority to bind the LLC to contracts. Nonmanager members cannot bind the LLC in any way, and the capital contribution or share ownership does not affect the authority to bind the LLC. Shareholders are relevant only in the context of corporations, not LLCs.

In a Manager-Managed LLC,who Among the Following Has the Authority