Chris,Miller,and Kacy created a limited liability company by filing the articles of organization,appointing a statutory agent,and paying the appropriate filing fee.They also agreed to run the LLC themselves,making it a

Chris,Miller,and Kacy created a limited liability company by filing the articles of organization,appointing a statutory agent,and paying the appropriate filing fee.They also agreed to run the LLC themselves,making it a member-managed LLC.Chris entered an agreement whereby he purchased 1,000 barrels of oil.Neither Miller nor Kacy believe that Chris paid a good price for the oil.Nevertheless,Chris argues that the LLC is bound by the contract he entered.Is Chris correct? Explain.


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