Shareholders Are Personally Liable for the Debts of a Corporation

question 68

True/False

Shareholders are personally liable for the debts of a corporation.

---

Definitions:

Duplicate Work

Performing the same task or creating the same product multiple times, often unnecessarily, leading to inefficiency.

Outsmart

To defeat or gain an advantage over someone through greater intelligence, cleverness, or cunning.

Tech Savvy

The ability to easily understand and utilize technological tools and innovations.

To-Do List

A list of tasks or activities one needs to complete, serving as a tool for organization and productivity.