Which of the following is NOT true of shareholder liability?

Question

Quizplus · Accepted Answer

A)Shareholders are liable for the debts of a corporation to the extent of their
investment;are liable for a breach of contract if a stock subscription agreement was signed and no stock was purchased;shareholders are liable for watered stock;and are personally liable for receiving illegal dividends.
B)Shareholders are liable for the debts of a corporation to the extent of their investment;are liable for a breach of contract if a stock subscription agreement was signed and no stock was purchased;shareholders are liable for watered stock;and are personally liable for receiving illegal dividends.
C)Shareholders are liable for the debts of a corporation to the extent of their investment;are liable for a breach of contract if a stock subscription agreement was signed and no stock was purchased;shareholders are liable for watered stock;and are personally liable for receiving illegal dividends.
D)Shareholders are liable for the debts of a corporation to the extent of their investment;are liable for a breach of contract if a stock subscription agreement was signed and no stock was purchased;shareholders are liable for watered stock;and are personally liable for receiving illegal dividends.
E)Shareholders are liable for the debts of a corporation to the extent of their investment;are liable for a breach of contract if a stock subscription agreement was signed and no stock was purchased;shareholders are liable for watered stock;and are personally liable for receiving illegal dividends.

Which of the Following Is NOT True of Shareholder Liability