Estate development limited liability

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Reference no: EM133889757

Question

In in re 1545 Ocean Avenue, LCC, where the two managers of a real estate development limited liability company disagreed about the project and one of the managers, King, sues

- there was not sufficient evidence that the LIC could effectively operate under the operating agreement the operating agrcement specified that one manager could not dissoke the LOC

- there was sufficient evidence that the LIC could not effectively operate under the operating agreement

- the operating agreement gave King only a 49% share of poier, so he could not dissolve the company

- there was not sufficient evidence that the LiC could not effectively operate under the operating agreement Correct option.

Reference no: EM133889757

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