Chan,Yuvi,Betty,and Bob form a manager-managed LLC that sells antique commodities online.Yuvi and Bob are named managers of the LLC.Betty secretly starts a competing business to conduct online auctions over the Internet.Which of the following is true of the given scenario?
A) All the members can be held liable for breaching their duty.
B) Betty is liable for breaching her duty of care to the LLC.
C) Betty is liable for breaching her duty of loyalty to the LLC.
D) Betty can compete with the LLC without any legal liability.
Correct Answer:
Verified
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