Problem
Read the AAA Pool Services, LLC (APS) Limited Liability Company Agreement located at the end of this chapter and answer the following questions. Make sure you note any applicable LLC agreement and/or statutory provision that support your answer.
i. Is APS member managed or manager managed?
ii. Smith and Watson want to expand the business to include landscaping. Gray is opposed to expansion. Can APS expand against Gray's wishes?
iii. Gray and Watson no longer want Smith to be the APS Manager. Can they remove him?
iv. Watson signs a contract on behalf of APS for the purchase of pool chemicals. Neither Smith, Gray, nor APS authorized him to sign it. Is APS bound to the contract?