Related to the Limited Liability of a Corporation,which of the Following

question 55

Multiple Choice

Related to the limited liability of a corporation,which of the following has been happening in recent years?

• A) Courts have strongly enforced the limited liability of all corporations.
• B) When a small corporation does not have sufficient money to pay a legal claim against it, the small corporation must become an S corporation.
• C) If a small corporation does not have sufficient money to pay a legal judgment against it, courts have been holding the owners responsible to pay the judgment, especially when the judgment involves environmental or pension-related matters.
• D) Courts have been deciding that a corporation from one state does not have limited liability when operating in another state.
• E) Courts have been holding that joint ventures do not have limited liability.

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Definitions:

Vision Deficiency

A broad term covering any type of impairment in vision that cannot be corrected completely with glasses, contact lenses, or surgery.

Rods

Photoreceptor cells found in the retina of the eye that are responsible for vision at low light levels.

Cones

Photoreceptor cells in the retina sensitive to color and detail, functioning primarily under well-lit conditions.

Auditory Cortex

This is the part of the brain that processes auditory information, essential for hearing.