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  3. Study Set
    Business Law with UCC Applications
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    Exam 26: The Corporate Entity
  5. Question
    Limited Liability Means That Shareholders Can Be Held Personally Liable
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Limited Liability Means That Shareholders Can Be Held Personally Liable

Question 14

Question 14

True/False

Limited liability means that shareholders can be held personally liable for the debts of the corporation,but will not lose their capital investment.

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