Which of the Following Is True Regarding Corporate Executives Being

question 36

Multiple Choice

Which of the following is true regarding corporate executives being held personally liable for business crime?

• A) Corporate executives may never be held personally liable for a business crime.
• B) Corporate executives may only be held personally liable for a business crime if they benefited personally from their actions in executing the business crime.
• C) Corporate executives may be found personally liable for a business crime regardless of whether the business crime was committed for personal benefit or for the benefit of the corporation.
• D) A court may not assess criminal liability on a corporate executive unless the executive directly engaged in the specific criminal violation.
• E) Criminal liability may not be assessed against a corporate executive unless the executive directly engaged in the criminal activity and also profited directly and personally from the criminal activity.

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Definitions:

Authorized Agent

An individual or organization legally empowered to act on behalf of another person or entity.

Discharge of Liability

The release of a debtor from the obligation to repay a debt, either through payment of the debt, through legal processes, or by agreement with the creditor.

Real Defenses

Legitimate legal defenses that can be asserted regardless of the contract's validity, often used in negotiating or contesting payment obligations.

Warrants

Financial instruments that give the holder the right to purchase the company's stock at a specified price before the expiration date.