Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9781337374835
Author: CROSS
Publisher: CENGAGE L
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Chapter 17, Problem 4BCP
Summary Introduction
Case s ummary: W and J commenced an LLC. At the time of completion of project J demanded dissolution of LLC and buyout by W. W rejected the demand. J filed a case of dissolution on the disagreement in a buyout. Court barred any further work on the project until the dispute was settled. The trial court issued an order of dissolution for LLC as there was an absence of any fraud or frustration of purpose in this case.
To e xplain :Whether issuing forcefull dissolution of LLC by J is a judicious decision on his part.
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