Limited Liability Means That Shareholders Cannot Be Held Personally Liable

question 47

True/False

Limited liability means that shareholders cannot be held personally liable for the debts of the corporation, but may still lose the amount of their capital investment.

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Definitions:

Phloem

The vascular tissue in plants responsible for the transport of sugars and nutrients throughout the plant.

Water Potential

The potential energy of water per unit volume relative to pure water, which determines the direction water will flow.

Tension-Cohesion Model

A theory explaining how water moves through plants, relying on water's cohesive properties and the tension created by transpiration.

Tension-Cohesion Model

A theory explaining the movement of water through the xylem of plants, based on water molecule cohesion and tension created by evaporation.