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:

Confirmation Bias

The human tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Memorable Events Error

A cognitive bias that occurs when memorable or significant events are more easily recalled than ordinary events, skewing perception and decision-making.

Knowledge Requires

The necessity of certain conditions or elements to possess understanding or awareness about something.

Evidence

The available body of facts or information indicating whether a belief or proposition is true or valid.