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Shareholders of corporations are not liable to third parties for debts incurred by the business operated by the corporation because... A. shareholders take out insurance

Shareholders of corporations are not liable to third parties for debts incurred by the business operated by the corporation because...

A. shareholders take out insurance to cover such liabilities

B. the corporation is a separate legal entity from the shareholders

C. the directors always take the fall for such debts

D. shareholders are not involved in the general operations of the business, but remain in the background

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