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.

Identify the binding nature of interpretative and legislative rules on private parties and the courts.

Recognize the role of Congress in the appointment and removal of agency administrators.

Understand the exceptions to procedural requirements in administrative rulemaking.

Recognize the checks on administrative agency activities, including judicial review limits and transparency laws.

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Definitions:

Regulations

Rules or directives made and maintained by an authority to regulate behavior, typically in the context of legal or governmental systems to ensure fair practices, safety, and standards.

Tech-Savvy

Individuals who possess an advanced understanding and proficiency with technology and digital devices.

Millennials

A generation of people born between 1981 and 1996, known for being digital natives and value-driven consumers.

Generation Z

The demographic cohort following Millennials, typically defined as individuals born from the mid-1990s to the early 2010s, characterized by its comfort with digital technologies and social media.