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Under the corporate form of business organization a stockholder is personally liable for the debts of the corporation. stockholders' acts can bind the corporation even

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Under the corporate form of business organization a stockholder is personally liable for the debts of the corporation. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation stockholders wishing to sell their corporation shares must get the approval of other stockholders. the corporation's life is stipulated in its charter

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