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Aqua,LLC Is a Member-Managed LLC

Question 40

Multiple Choice

Aqua,LLC is a member-managed LLC.Andrew,a member,agrees to resolve a dispute with a customer by submitting the claim to binding arbitration.This action by Andrew is:


A) legally binding on Aqua.
B) not legally binding on Aqua.
C) legally binding on Aqua if the claim is under $1,000.
D) not legally binding on Aqua until approved by a court.

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