When a no-liability company defaults on its loans with its creditors,this means the:
A) creditors have a legal claim against the directors only.
B) creditors have a legal claim against the CEO only.
C) creditors have a legal claim against the chairman of the company.
D) shareholders do not have to meet any remaining payment on shares.
Correct Answer:
Verified
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Q19: The owners of _ face unlimited liability.
A)
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i.A corporation differs from
Q22: Which of the following is NOT a
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