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April 25, 2015

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.

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