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What law will the court apply in given case

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Question: John, Lisa, and Tabir form an LLC. John contributes 60% of the capital, and Lisa and Tabir each contribute 20%. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60% of the profits, in accordance with his contributions. Lisa and Tabir, however assume that the profits will be divided equally. A dispute over the question arises, and ultimately, a court has to decide the issue. What law will the court apply? In most states, what would result? How could this dispute have been avoided in the first place? Discuss this fully.

Reference no: EM131759694

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