Legal environment of business

Which of the following is a false statement regarding a manager-managed limited liability company (LLC)? Multiple Choice The managers of a manager-managed LLC have the apparent authority to enter into contracts on behalf of the LLC. The managers of a manager-managed LLC have the actual authority to enter into contracts on behalf of the LLC In a manager-managed LLC, the members select a group of managers to manage the affairs of the company The managers of a manager-managed LLC must be selected from the members of the LLC O The managers of a manager-managed LLC owe the LLC and its members the same fiduciary duties as the officers and owe to the corporation and its shareholders. Prey 13 of 20 Next > here to search O Ei