A Corporate Shareholder Usually Cannot Be Held Personally Liable for the Debts

question 80

True/False

A corporate shareholder usually cannot be held personally liable for the debts arising from the corporate business.

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Definitions:

Alternatives

Options or choices made available to individuals or groups that offer different means of achieving a desired outcome or solution.

Prisons

Institutions designed to detain individuals who have been convicted of crimes, intended for punishment, rehabilitation, or both.

Prime Minister

The head of government in a parliamentary system, responsible for running the government and implementing legislative agendas.

Rate of Crime

The frequency or number of crimes occurring in a specified area or population over a given period of time.