Answer:
Your credit limit is the maximum amount you can borrow using a credit card or line of credit.
Explanation:
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Fiduciary duties are mentioned in the statue and enforceable in different states but there is not any clear demarcation. The court should rule in favor of Newbury group because it has not violated anything in the conduct of business
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<u>Explanation:</u>
a- Following fiduciary duties owed by member of LLC to other members
i-<u>Fiduciary duty of Loyalty</u>- Under this member in the LLC should be loyal to each other and they should put the success of and benefits to the LLC above any personal or individual advantages. They should also note that conflict of interest between LLC’s objective and their own objective should be avoided to the fullest.
ii- <u>Fiduciary duty of Care</u>- The members of the LLC should act in good faith, honestly and should exercise reasonable care while carrying their obligation and duty for the LLC. All decision and steps they took should be taken with full dedication and ownership.
b - Fiduciary duties are mentioned in the statue and enforceable in different states but there is not any clear demarcation between personal and LLC duties. The words are vague and not clear. Judicial precedence and decision in certain cases have decided about the legality of violence of fiduciary duty. Through operating agreement members in LLC can alter the fiduciary duty.
c-The court should rule in favor of Newbury group because it has not violated anything in the conduct of business.
Diverse nation is rather tolerant and treats every human as an individual part of our world that as well as the others deserve respect, has it's own viewpoints and life position and it does not matter to which religion or race person does belongs. Diverse nation mostly has no racial discrimination and admits that all of the people are individuals.
