menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managers and the Legal Environment
  4. Exam
    Exam 20: Forms of business organizations
  5. Question
    If the Owners of a Limited Liability Entity Are Active
Solved

If the Owners of a Limited Liability Entity Are Active

Question 42

Question 42

True/False

If the owners of a limited liability entity are active in the operation of the business,they can be held directly liable for their own tortious acts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: An outside director is a director who

Q26: Cumulative voting allows a greater control by

Q38: In what five categories does the Franchise

Q40: Which of the following is true regarding

Q41: The liabilities and obligations of the partners

Q43: Which of the following requirements is not

Q46: A general partnership is characterized by<br>A)a centralized

Q50: Which of the following statements is not

Q51: A corporation that is technically defective but

Q63: States may not impose a higher fiduciary

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines