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MrBlue Has Invested in SuperMart,Inc

Question 68

Multiple Choice

Mr.Blue has invested in SuperMart,Inc.Mr.Blue purchased $5,000 worth of shares or 3% equity in the company.Shortly after investing,SuperMart,Inc.is found guilty of various civil wrongs and a judgment is entered in against the company for 3.1 million dollars.How much liability will Mr.Blue have?


A) $5,000 will be the limit of his liability
B) $93,000 or 3% of the value of the judgment
C) $0 Since Mr.Blue was not a managing officer
D) $100,000 which is statutory minimum for investor liability

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