Question
What does limited liability mean in the context of the relationship between the corporation and its creditors? 1.It means that corporation's managers can go after
What does "limited liability" mean in the context of the relationship between the corporation and its creditors?
1.It means that corporation's managers can go after the personal assets of the corporation's owners if the corporation defaults on its debt.
2.It means that the corporation's creditors cannot go after the personal assets of the corporation's owners if the corporation defaults on its debt.
3.It means that the corporation's managers cannot go after the personal assets of the corporation's owners if the corporation defaults on its debt.
4.It means that corporation's creditors can go after the personal assets of the corporation's owners if the corporation defaults on its debt.
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Family Law
Authors: Jonathan Herring
10th Edition
1292343257, 978-1292343259
