________ is a general rule of corporate law that provides that generally shareholders are liable only to the extent of their capital contributions for the debts and obligations of their corporation and are not personally liable for the debts and obligations of the corporation.

Question

Quizplus · Accepted Answer

The limited liability of shareholders is a fundamental principle of corporate law. Shareholders are generally not personally liable for the debts or obligations of the corporation beyond their capital contributions. This means that their personal assets are protected and only the assets of the corporation can be used to pay off any debts or obligations.

________ Is a General Rule of Corporate Law That Provides