Homework Help: Business Law

Posted by Kathleen S on Tuesday, January 29, 2013 at 5:34pm.

Sal is a shareholder in XYZ Corporation. XYZ Corporation made defective products, and many individuals have filed lawsuits due to the defects. As a shareholder, Sal may

A. not be held personally liable for the defects.

B. be held personally liable only if the corporation was aware of the defects.

C. be held personally liable for the defects.

D. be held personally liable only if the plaintiffs name Sal as a defendant.

No one has answered this question yet.

Answer this Question

Related Questions

Legal Aspect of Business - ABC is a multinational enterprise (MNE) Incorporated ...
economics cost analysis - The XYZ corporation is planning to purchase an ...
Business Law - Background: ABC is a multinational enterprise (MNE) incorporated ...
FINANCIAL MANAGEMENT FOR HUMAN SERVICE MANAGERS - XYZ NON PROFIT CORPORATION ...
hhs 265 accounting - calculating the current ratio of the XYZ nonprofit ...
Corporation-Definition - Corporation is a type of business. A separate ...
Global Business - Choose one of the L'Oreal corporation products. 1. Answer...
ECONOMICS - T OR F A payment made to a Canadian shareholder from an American ...
Organizationl Expenditures - Following expenses incurred by Corporation when ...
computer science - XYZ Corporation employs 40,00 people with their own ...

For Further Reading

First Name:
School Subject:
Answer: