When a Personal Guarantee Has Been Signed by a Shareholder

question 124

True/False

When a personal guarantee has been signed by a shareholder, the creditor can demand payment from that shareholder despite the separate legal entity nature of the corporation.

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Definitions:

Day-To-Day Supervision

The ongoing, immediate oversight of activities and tasks, typically aimed at ensuring they are accomplished efficiently and correctly.

Policies And Procedures

Established guidelines and methods that dictate how various tasks and operations should be performed within an organization.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situation.

Respectfully

Describes an approach or manner that shows esteem or deference towards others.