Business law

Please make a quality 300-word minimum posting providing analysis and explanation 38-10 a question of ethics: limited liability companies found on page 740. Please arrange your answers in three-part ABC format provided.

THIS IS AN EXAMPLE ONLY AND NOT THE ANSWER. WRITE BOTH QUESTIONS AND THEIR ANSWERS IN ABC FORMAT. (I will go first to illustrate the ABC required format by way of example):

Question A: Take from text.

Concerns who is liable for an LLC's debts? Explain.

Question B: Take from text.

Ethical responsibilities of LLC members in this scenario. Discuss.

Question C: Take from text.

Does mitigation of damages apply here? Why or why not?

You should post answers in ABC format.

3810. A Question of EthicsLimited Liability Compa- nies. Blushing Brides, LLC, a publisher of wedding planning magazines in Columbus, Ohio, opened an account with Gray Printing Co. in July 2000. On behalf of Blushing Brides, Louis Zacks, the firms member-man- ager, signed a credit agreement that identified the firm as the purchaser and required payment within thirty days. Despite the agreement, Blushing Brides typically took up to six months to pay the full amount for its orders. Gray printed and shipped 10,000 copies of a fall/winter 2001 issue for Blushing Brides but had not been paid when the firm ordered 15,000 copies of a spring/summer 2002 issue. Gray refused to print the new order without an assur- ance of payment. On May 22, Zacks signed a promissory note pay- able to Gray within thirty days for $14,778, plus interest at 6 percent per year. Gray printed the new order but by October had been paid only $7,500. Gray filed a suit in an Ohio state court against Blushing Brides and Zacks to collect the balance. [Gray Printing Co. v. Blushing Brides, LLC, 2006 WL 832587 (Ohio App. 2006)] (See The Limited Liability Company.)

basically create 3 legal questions and three legal answers for this case.