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QUESTION

which of the following statements are true if a member of a limited liability company has agreed to contribute property to an llc and dies before the...

which of the following statements are true if a member of a limited liability company has agreed to contribute property to an llc and dies before the obligation was due to be satisfied

CREDITORS WHO RELIED ON THE OBLIGATION MAY NOT ENFORCE THE OBLIGATION AGAINST THE MEMBERS ESTATE

THE CONTRIBUTION OF PROPERTY TO THE LLC CAN BE ENFORCED BY THE LLC AGAINST THE MEMBERS ESTATE

THE LLC CAN ENFORCE THE OBLIGATION AGAINST THE MEMBER'S ESTATE, BUT ONLY FOR THE CASH VALUE OF THE PROPERTY

THE OBLIGATION IS EXTINGUISHED BECAUSE IT WAS NOT DUE TO BE PERFORMED PRIOR TO THE DEATH OF THE MEMBER.

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