A Shareholder in a Corporation Is Personally Responsible for Debts

question 14

True/False

A shareholder in a corporation is personally responsible for debts of the corporation.

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Definitions:

Equitable

Fair and impartial treatment of all individuals, especially in terms of resource distribution and opportunities.

Racialization

is the process of ascribing ethnic or racial identities to a relationship, social practice, or group that did not identify itself as such.

Racial Minority Group

A group of people who are differentiated or marginalized in a given society based on racial or ethnic characteristics, often facing systemic inequalities.

Ethnic Minority Group

A group within a larger society that has distinct national, religious, linguistic, or cultural attributes differing from the majority population.