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Jed is a shareholder of RSD Bananas, Inc. (RSD). A court might hold Jed personally liable for RSDs debts if a. Jeds personal interests are

Jed is a shareholder of RSD Bananas, Inc. (RSD). A court might hold Jed personally liable for RSDs debts if

a. Jeds personal interests are commingled with RSDs interests to the extent that RSD has no separate identity.

b. RSD calls more than the required number of shareholders meetings.

c. RSD is overcapitalized.

d. All of these options are correct.

RSD Bananas, Inc., is a private, for-profit corporation that was formed for the purpose of manufacturing and distributing a newly patented kitchen appliance. In order to file for S corporation status, RSD must not

a. have more than 50 shareholders.

b. be a domestic corporation.

c. have more than one class of stock.

d. none of the above

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