Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6 % interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance. To find: The circumstances in which a member of an LLC is liable for the debt of the firm.

Question

assume that you are police commander which leads and supervises the department’s internal affairs division. Your goal is to reduce civilian complainants against personnel in the department. Using what you have learned and at least three scholarly sources, document two changes you see the department can implement, whether it be training, planning, mitigating, and resolving, to improve police/community relations.

Answer 1

Question

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

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assume that you are police commander which leads and supervises the department’s internal affairs division. Your goal is to reduce civilian complainants against personnel in the department. Using what you have learned and at least three scholarly sources, document two changes you see the department can implement, whether it be training, planning, mitigating, and resolving, to improve police/community relations.

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Answer 2

Question

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

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Answer 3

Question

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

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Answer 4

Question

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

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Answer 5

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

Answer 6

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Answer 7

Chapter 17, Problem 8BCP

(a)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The circumstances in which a member of an LLC is liable for the debt of the firm.

Answer 8

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Answer 9

Summary Introduction

Case summary: Publisher B, an LLC, situated in Ohio, opened a bank account with printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The liability of the person L for the unpaid amount of the publisher B under the credit agreement.

Answer 10

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

Answer 11

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser, and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To find:The effect of the promissory note of person L on the liability of parties on the account.

Answer 12

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

Answer 13

(b)

Summary Introduction

Case summary:Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. Person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The ethical responsibility of the members of an LLC to meet the obligations of the firm.

Answer 14

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

Answer 15

(c)

Summary Introduction

Case s ummary: Publisher B, an LLC, situated in Ohio, opened a bank account with a printing company G. The person L, a member-manager of B, signed a credit agreement with G that identified him as a purchaser and the agreement stated that the payment would be required within 30 days. In spite of the agreement, B took 6 months for the settlement of the payment. G agreed, after refusal, to take new orders only after the assurance of payment. L signed a promissory note payable to G along with a 6% interest payment per year. G printed new orders, but in the end was paid a lesser amount than what was agreed. Company G filed a suit in the state court of Ohio against company B and person L to collect the balance.

To f ind: The legal duty of person L to mitigate the damage by the sale or distribution of the copies.

Answer 16

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Answer 17

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Answer 23

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Answer 27

Ch. 17 - Prob. 1RE Ch. 17 - Prob. 2RE Ch. 17 - Prob. 3RE Ch. 17 - Prob. 4RE Ch. 17 - Prob. 1IS Ch. 17 - Prob. 2IS Ch. 17 - Prob. 1BS Ch. 17 - Prob. 2BS Ch. 17 - Prob. 3BCP Ch. 17 - Prob. 4BCP

Solution Summary: The author explains the circumstances in which a member of an LLC is liable for the debt of the firm.

Chapter 17 Solutions