Indicate Two Examples Where a Director Can Be Personally Liable

question 4

Essay

Indicate two examples where a director can be personally liable for the debts of the corporation.

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Definitions:

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Diffuse Status Generalization

The process by which individuals' status characteristics in one domain influence expectations and interactions in unrelated domains.

Jury Foreman

The member of a jury selected to lead the group, speak on its behalf, and often deliver the verdict to the court.

Social Exchange

A theoretical framework that explains social relationships in terms of costs and benefits, where individuals seek to maximize rewards and minimize costs.