Jack Kihn Incorporated and Put $20 000 into the Corporation

question 19

Multiple Choice

Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and took back a chattel mortgage on the corporation's equipment.The corporation created decorative boxes.An employee of the company delivered some boxes to a customer,who complained about the colour used.The employee became so angry that he shoved the customer,who fell into a glass display case,causing $30 000 damage to the customer and the case.On these facts,which of the following is false?

• A)The employee is liable for his tort and his employer is also liable.
• B)Although Kihn is the sole shareholder of the corporation,he is not responsible for company debts.
• C)Kihn himself is vicariously liable for the damage caused by the employee.
• D)The employee is liable for the tort of battery.
• E)If the corporation went bankrupt,Kihn himself would be a secured creditor.

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Parents belonging to the socio-economic class that is between the working class and the upper class, typically associated with economic stability and higher levels of education.