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NEW QUESTION: 1
What are the three characteristics of sub EnumMemberLists ()?
A. Specifies the valid members for a member list
B. Is used to create both static and dynamic lists
C. Specifies which dimensions have member lists
D. Specifies the number of lists for each dimension
E. Names each member list in each dimension
Answer: C,D,E

NEW QUESTION: 2
Which address block is reserved for locally assigned unique local addresses?
A. FB00::/8
B. FD00::/8
C. 2001::/32
D. 2002::/16
Answer: B

NEW QUESTION: 3
In a member managed LLC, the apparent authority of a member to bind the LLC in dealing with third
parties:
A. Would permit a member to submit a claim against the LLC to arbitration.
B. Will be effectively limited by a formal resolution of the members of which third parties are unaware.
C. Must be derived from the express powers and purposes contained in the operating agreement.
D. Will be effectively limited by a formal resolution of the members of which third parties are aware.
Answer: D
Explanation:
Choice "c" is correct. This is really an agency question on apparent authority. Apparent authority is
authority that a third party reasonably believes an agent has. If the third party is aware of a restriction on
the agent's authority, the third party cannot reasonably believe that the agent has the restricted authority.
Choice "a" is incorrect. Submitting a claim to arbitration is an extraordinary act and so is not within a
member's apparent authority. Choice "b" is incorrect. Apparent authority is derived from what the
reasonable person believes is the authority of a member, not the express powers and purposes contained
in the operating agreement. Choice "d" is incorrect. A formal resolution of the members will not be
effective to destroy apparent authority if third parties are unaware of the resolution.