If a corporation owner signs a personal guarantee when borrowing money for the business,
A) the bank may seize personal assets if the business does not repay the loan.
B) the corporate structure will still protect personal assets.
C) this would be illegal.
D) the owner guarantees that the business will not fail.
Correct Answer:
Verified
Q31: For a partnership, buy/sell pricing refers to
Q32: Ownership in a corporation is documented by
A)
Q33: There are two types of corporations that
Q34: The owners of a corporation are called
A)
Q35: A _ is a legal entity separate
Q37: The bank has the right to seize
Q38: Which of the following is TRUE?
A) The
Q39: Corporations
A) must have a board of directors
Q40: The discussions and votes during a corporation
Q41: S corporations
A) have fewer restrictions than C
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