What is the lesson to be learned from lach v. man


Question: What is the lesson to be learned from Lach v. Man O'War, LLC in Ch. 40 ? A. A manager's "dissociation" from a LLC automatically cuts off apparent authority for that memberto bind the LLC to future transactions. B. The general partners can disregard the limitied partners partners" interests to facilitate conversion to an LLC. C. Partners cannot convert a limited partnership to an LLC. They must formally dissolve the limited partnership and then create an LLC. D. Transferring partnership assets to a new LLC (to alter managerial control) breached the general partner's fiduciary duties to the non-consenting limited partner.

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Accounting Basics: What is the lesson to be learned from lach v. man
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