Because corporations are legal entities separate from their shareholders, ________
A) corporations and shareholders share liability for corporate actions.
B) corporate officers are responsible for corporate actions.
C) the corporation assumes liability for corporate actions.
D) the corporation, shareholders, and the board of directors must share in corporate liability.
E) the corporation cannot be assessed liability unless a court assess liability to it.
Correct Answer:
Verified
Q21: The FDIC is an example of what
Q22: G6A is a major corporation that has
Q23: Which of the following is an implied
Q24: Constantine received dividends on his stock from
Q25: Regarding management of a corporation, which of
Q27: Which of the following is a disadvantage
Q28: Which of the following references the liability
Q29: Gladstonian Corporation has not been following the
Q30: What type of corporation is created by
Q31: Five friends decide to form a corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents