Fully explain your answers, including any applicable legal rules. Discuss each side of any debatable issue. Reach a conclusion after defining and discussing each issue. Discuss any available remedies.

3. Roberta owns and manages her family's business, Goniff Corporation. Roberta is the only active officer of Goniff. Goniff has annual sales of $5 million, annual profits of $30,000, and assets of $2 million. Goniff pays Roberta an annual salary of $750,000 and pays all her personal living expenses. In addition, Goniff pays each of Roberta's five children an annual salary of $25,000 for personal services rendered to the corporation, which services amount to about five hours of sweeping and painting by each child. Goniff becomes insolvent and is unable to pay its creditors. The creditors sue Roberta personally for the debts of the corporation. Is Roberta liable to the corporate creditors? Why or why not?

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4. Helen is Jarton Corporation's sole shareholder and director. Each month, Helen directs Jarton's bookkeeper to pay Helen's personal credit card bills. What risk is Helen taking? Explain.

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