Singh, a member of Trucking LLC, ceases to be associated in the carrying on of the business of the firm. Despite the dissociation O a. the member does not lose the right to participate in management. O b. the member does not lose the right to act as an agent for the firm. O c. the member's duty of loyalty continues until the firm dissolves. O d. the member's duty of care continues with respect to prior events.

Respuesta :

Singh, a member of Trucking LLC, ceases to be associated in the carrying on of the business of the firm despite the dissociation as  the member's duty of care continues with respect to prior events.

What does an Firm mean?

An organization, also known as a firm, is a business or other entity made up of several people working together to achieve a common goal. A firm usually has a clear organizational structure, with each member playing a specific role in the organization's success.

What does an buisness mean?

An business is an organization or economic system where goods and services are exchanged for money. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money.

When a member ceases to be associated with the carrying on of the business as a result of the dissolution, the member's care should be related to the previous events because the member may owe the LLP a duty of care under tort law, which continues even after the member leaves the LLP for the past events.

Therfore the correct option is D.the member's duty of care continues with respect to prior events.

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