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A patent can be renewed every ten years for an unlimited arnount of time. True False Question 4 ( 2.5 points) Barry, Nellie and David form a member-managed LLC called Shoetastic, LLC that is engaged in the business of selling shoes. Nellie secretly starts a competing shoe business. Nellie has likely violated the: Duty of care She has not violated any duty because members do not owe duties to the LLC. Duty of loyalty Business judgment rule.

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A patent can be renewed every ten years for an unlimited arnount of time. True False Question 4 ( 2.5 points) Barry, Nellie and David form a member-managed LLC called Shoetastic, LLC that is engaged in the business of selling shoes. Nellie secretly starts a competing shoe business. Nellie has likely violated the: Duty of care She has not violated any duty because members do not owe duties to the LLC. Duty of loyalty Business judgment rule

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