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Dustin is a member in a manager-managed LLC organized under RULLCA. The LLC is in the construction business. All of the managers of the LLC
Dustin is a member in a manager-managed LLC organized under RULLCA. The LLC is in the construction business. All of the managers of the LLC are on a hiking expedition in the Canadian wilderness and cannot be reached. Dustin has become aware of a lucrative opportunity and would like to submit a bid on behalf of the LLC. He has come to you for a legal opinion. Could his bid, if accepted, be binding on the LLC? A. No, because members of a manager-managed LLC can never under any circumstance be given actual authority. B. No, because he could not be deemed an agent of the LLC and thus would have no authority. C. No, because members of a manager-managed LLC can never under any circumstance be viewed as having apparent authority. D. Yes, because under RULLCA, agency law will determine whether a members has apparent authority to bind the LLC. E. Yes, because RULLCA invests members of member-managed LLCs with apparent authority
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