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

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Kimson1342 Kimson1342

03-06-2021
Business

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

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Answer:

b. the member’s duty of care continues with respect to prior events.

Explanation:

In the case when the member stops to be associated with the carry on the business so depsite of the dissolution the care of the member should be related to the previous events as the member could owe the duty of care to LLP within the tort law and it continues even after the member leaves the LLP for the past events

Therefore the option b is correct