Active of member-managers-negotiating contracts with breeds

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Reference no: EM131039535

Jorge Steer was a member of Cows’r’us, a member-managed LLC that bred and sold beef cattle. Steer was the most active of the member-managers, negotiating contracts with breeds, feedlots and banks on behalf of the LLC. One contract obligated Cows’r’us to purchase two Angus bulls for $624,000 from WeLOVEBeef Farms, Inc. The contract was signed by Steer as general manager acting on behalf of Cows’r’us. Cows’r’us defaulted on the contract with WeLOVEBeef Farms, which then used both Cows’r’us and Jorge Steer. Was Steer personally liable on the contact with WeLOVEBeef Farms?

Reference no: EM131039535

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