Which of the Following Statements Is TRUE of the Liability

question 100

Multiple Choice

Which of the following statements is TRUE of the liability of investors in a corporation?

• A) Majority investors are personally liable, whereas minority investors are not personally liable.
• B) Investors have personal liability for the business transactions in corporations.
• C) Investor's liability is limited to the amount invested in the corporation.
• D) Investors are personally liable for transactions, whereas their property is not liable.
• E) Investors' property is liable for the business transactions but investors are not personally liable.

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Definitions:

Repair Enzymes

Enzymes that scan DNA for damage or errors and carry out repairs to maintain genetic fidelity.

Somatic Cell

Any cell of a living organism other than the reproductive cells.

Egg

Female gamete.

Sperm

Male gamete.