Members of high flyer llc made knowingly false statements on an application with local bank in order to obtain a loan. after high flyer defaults on the loan, local bank obtains a $50,000 judgment against high flyer, but the company is without assets. which of the following is true?
a. members are liable; they have joint and several liability. b. members are not liable; they used good faith. c. members are liable; fairness demands that the court disregard the liability protection. d. members are not liable; the entity provides protections. e. members are not liable; they did not breach a fiduciary duty.