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Can a Creditor Make a Claim Against an Individual Shareholder

question 39

Essay

Can a creditor make a claim against an individual shareholder for liabilities associated with a corporation? Explain.


Definitions:

CNS

The central nervous system, consisting of the brain and the spinal cord, which processes and transmits neural information.

Force

A physical quantity that represents the push or pull on an object, having both magnitude and direction, and is capable of causing changes in the motion of the object.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or standard.

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