Multiple Choice
Related to the limited liability of a corporation,which of the following has been happening in recent years?
A) Courts have strongly enforced the limited liability of all corporations.
B) When a small corporation does not have sufficient money to pay a legal claim against it, the small corporation must become an S corporation.
C) If a small corporation does not have sufficient money to pay a legal judgment against it, courts have been holding the owners responsible to pay the judgment, especially when the judgment involves environmental or pension-related matters.
D) Courts have been deciding that a corporation from one state does not have limited liability when operating in another state.
E) Courts have been holding that joint ventures do not have limited liability.
Correct Answer:

Verified
Correct Answer:
Verified
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