subject
Social Studies, 18.11.2019 21:31 kel3194

Members of high flyer llc made knowingly false statements on an application with local bank in order to obtain a loan. after high flyer defaults on the loan, local bank obtains a $50,000 judgment against high flyer, but the company is without assets. which of the following is true?
a. members are liable; they have joint and several liability. b. members are not liable; they used good faith. c. members are liable; fairness demands that the court disregard the liability protection. d. members are not liable; the entity provides protections. e. members are not liable; they did not breach a fiduciary duty.

ansver
Answers: 1

Another question on Social Studies

question
Social Studies, 22.06.2019 10:40
What body has the power to impeach the president
Answers: 1
question
Social Studies, 22.06.2019 14:00
2) based on the information, which is an opinion rather than a fact about immigrants to north america? immigrants
Answers: 1
question
Social Studies, 23.06.2019 14:30
How many countries were represented at the paris negotiations (where the treaty of versailles was signed) in january 1919?
Answers: 1
question
Social Studies, 23.06.2019 19:30
You know that shaw tried to use his plays to promote social messages. you also know that he was a socialist. what is the most likely "moral" of the story concerning the use of language? language should be used to climb the social ladder; literally, it can turn flower girls into duchesses. proper use of language can "declass" the lower classes and them out of "the gutter." proper use of language, including not swearing, is the proud and proper mark of a gentleman. higher classes have a "higher" consciousness and therefore naturally speak better than the lower classes.
Answers: 3
You know the right answer?
Members of high flyer llc made knowingly false statements on an application with local bank in order...
Questions
question
Advanced Placement (AP), 13.07.2019 13:00
Questions on the website: 13722361