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:

Retinal Tissues

Layers of cells within the retina, responsible for sensing light and converting it into neural signals for visual perception.

Vascular

Relating to the body's blood vessels and the circulation of blood throughout the body.

Mitochondrion

An organelle found in large numbers in most cells, in which the biochemical processes of respiration and energy production occur.

Cytoplasm

Cellular matter, not including the nucleus of a cell.