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Source Limited Liability Companies Complete Nevada Bar Exam Topic Index List Matched to this deck.

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The parties dispute the legal effect of a contested transaction. A manager signed a supply agreement after receiving mixed instructions from the owner. The record contains both written proof and disputed oral testimony. The parties disagree about the legal effect of those facts. Which answer gives the best resolution?

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Stop the analysis once the proponent states a plausible rule, without addressing the strongest counterargument. The court should resolve the dispute by applying the operative rule to the material facts: The answer should identify the governing rule for Limited Liability Companies and apply it to the operative facts. Resolve the dispute on equitable fairness alone without identifying the governing doctrine or its limits. Assume the doctrine applies because one element appears satisfied, even if the remaining elements are contested.

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