Pizza & Cookies,LLC,is a limited liability company.Among its members,a dispute arises that the operating agreement and the state LLC statute do not cover.The dispute is governed by

Question

Quizplus · Accepted Answer

In the absence of specific provisions in the operating agreement or state LLC statute, disputes in an LLC are typically governed by the principles of partnership law, as LLCs share similarities with partnerships in terms of management and operation.

Pizza & Cookies,LLC,is a Limited Liability Company