Indicate Two Examples Where a Director Can Be Personally Liable

question 4

Essay

Indicate two examples where a director can be personally liable for the debts of the corporation.

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Definitions:

Full Price

Full price refers to the total, undiscounted amount charged for a product or service.

Anchor Stores

Large, prominent retailers within a shopping mall or center that attract a significant number of shoppers, serving as a foundational attraction for the center.

Regional Shopping Center

A large retail complex that provides a wide range of goods and services, typically anchored by one or more department stores and designed to serve a broad geographical area.

Nordstrom

A high-end department store chain known for its customer service and product selection.