When Can Shareholders of a Corporation Be Held Personally Liable

question 24

Multiple Choice

When can shareholders of a corporation be held personally liable for the liabilities of the corporation.

• A) if corporate shareholders do not comply with the technicalities of corporation law.
• B) If they are corporate officers
• C) If they are corporate stockholders
• D) If they form an S corporation

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Definitions:

Moscovici

Serge Moscovici is a social psychologist known for his work on social influence and the theory of social representations.

Indirect Impact

Effects or outcomes that are not directly caused by an action or event, but occur as a secondary result.

Asch

Refers to Solomon Asch, a psychologist known for his research on conformity, including famous experiments on group pressure and individual judgment.

Line-Judging Task

A cognitive task used in research to study perceptual or judgmental biases by asking participants to make decisions about visual lines.