The ________ is a general rule of corporate law that provides that generally, shareholders are liable only to the extent of their capital contributions for the debts and obligations of their corporation and are not personally liable for the debts and obligations of the corporation.
A. limited-purpose clause
B. limited liability of shareholders
C. preferred shareholder rule
D. nonparticipating shareholder rule
Answer: B
You might also like to view...
According to theEqual Employment Opportunity Commission (EEOC), sexual harassment includes the presence of a hostile work environment.
Answer the following statement true (T) or false (F)
Eddie, an accountant for Fresh Dairy, Inc, learns of undisclosed company plans to market a new smooth-tasting, fat-free butter. Eddie buys 10,000 shares of Fresh Dairy stock. He reveals the company plans to Giselle, who buys 5,000 shares. Giselle tells Hong, who tells Irwin, each of whom buy 1,000 shares. They know that Giselle got her information from Eddie. When Fresh Dairy publicly announces
its new product, Eddie, Giselle, Hong, and Irwin sell their stock for a profit.? Under the Securities Exchange Act of 1934, Giselle is most likely A) liable for insider trading. B) not liable because Giselle did not prevent others from profiting. C) not liable because Giselle did not solicit information from Eddie. D) not liable because Giselle does not work for Fresh Dairy.
What did Herman Miller gain through its environmental initiatives?
a. Extra costs b. Solid reputation with regulators c. Cost savings d. b and c only e. a and b only f. All of the above
Expansion of an airport runway in a national park requires an EIS
Indicate whether the statement is true or false