Explain the differences between a manager-managed LLC and a member-managed LLC as provided in the default provisions in California with respect to (a) the right to manage the ordinary business of the LLC, and (b) the authority of the members and managers to bind the LLC as an agent.

Explain the differences between a manager-managed LLC and a member-managed LLC as provided in the default provisions in  California with respect to (a) the right to manage the ordinary business of the LLC, and (b) the authority of the members and managers to bind the LLC as an agent.